President Invites Pakistani Businesses to Partner in the Maldives’ Economic Growth

President Dr Mohamed Muizzu has invited Pakistani businesses to explore new commercial opportunities and form long-term partnerships with the Maldives. He made the remarks while speaking at the Maldives–Pakistan Business Forum 2026 held in Islamabad.

Marking 60 years of diplomatic relations between the two nations, the President noted that while bilateral trust and goodwill remain strong, trade has not yet reached its full potential. He highlighted a mutual goal agreed upon with Pakistani Prime Minister Shehbaz Sharif to increase bilateral trade to USD 200 million over the next two years.

Speaking on key investment sectors, President Muizzu stressed the importance of resilient supply chains for an island nation that hosts more than two million tourists each year. He invited investments in cold-chain logistics, temperature-controlled storage, food processing, and climate-smart agriculture. To improve connectivity, the President called for direct sea trade routes and announced plans for the national airline, Maldivian, to begin direct flights between Malé and Karachi in the near future.

The President also welcomed certified Pakistani pharmaceutical and healthcare companies to help fulfill the Maldives’ rising demand for high-quality medical supplies. In infrastructure, he invited construction and engineering firms to partner in major housing, land reclamation, and connectivity projects across the country. Additionally, he noted investment opportunities in renewable energy as the Maldives aims to produce 33 percent of its electricity from renewable sources by 2028.

Addressing the growing market for Islamic finance, President Muizzu encouraged institutions to explore Shariah-compliant financing, sukuk issuance, and halal products. He urged investors to see the Maldives not just as a consumer market, but as a strategic base to expand into wider regional markets, assuring a business-friendly regulatory framework.

Pakistani Prime Minister Shehbaz Sharif also addressed the forum, joining President Muizzu in encouraging entrepreneurs from both countries to make full use of these emerging economic opportunities.

ނަބާ

Recent Posts

Strengthening Family Ties Emphasized in Friday Khutbah

Strengthening family ties and preserving domestic harmony form the bedrock of a healthy and cohesive…

37 minutes ago

MIFCO signs agreement with Hainan company to export Maldivian fish to China

Maldives Industrial Fisheries Company (MIFCO) has signed a Memorandum of Understanding (MOU) with China’s Hainan…

2 days ago

Maldives Debates Homeschooling Bill as MP Urges Taking Politics Out of Schools

A new bill introducing homeschooling to the Maldives was submitted to Parliament today, sparking an…

2 days ago

MTCC Awarded Project to Develop Jetty and Harbour in HA. Baarah

The government has signed an agreement with Maldives Transport and Contracting Company (MTCC) to develop…

3 days ago

Reef Cameras in Maldives Record Sharks and Rays on 95% of Days

Underwater timelapse cameras placed on shallow reefs across Fuvahmulah Atoll in the Maldives detected sharks…

3 days ago

Armenia’s Shirak Avia to Start Flights to Maldives This Winter

Shirak Avia, an airline from Armenia, will start weekly flights to the Maldives this winter.…

5 days ago