UAE-PAK TRADE

S.KAMAL HAYDER KAZMI,
(feedback@pgeconomist.com)
Research Analyst
, PAGE
Mar 12 - 18, 2012

PAKISTAN EXPORTS TO UAE (Value in 000 $) (July-October)

EXPORTS (Decrease) EXPORTS (Increase)
COMMODITIES 2011-12 2010-11 COMMODITIES 2011-12 2010-11
Raw cotton 216 300 Yarn other than cotton yarn 117 82
Cotton Fabrics 10,091 17,664 Textile madeups 1,485 1,271
Kintted/ croached fabric 1,800 5,252 Tents & convas 6,088 1,328
Ready made garments 12,609 13,513 Leather gloves 2,503 917
Knitwear ( hosiery ) 14,267 16,755 Sports goods 4,909 3,539
Bed ware 10,545 18,226 Surgical instruments 1,620 1,435
Towels 10,024 13,091 Petroleum & its products 192,539 98,983
Rice 91,938 112,252 Fish & fish preparations 16,222 13,118
Leather garments 12,609 13,513 Fruits 8,494 6,728
Carpets & rugs 549 715 Vegetables 3,688 3,376
Molasses - 760 Chemical & its products 16,592 12,716
Marble & stone 408 492 Engneering goods 9,217 6,019
Precious stones 137 245 Cutlery 688 677
Furniture (excluding Bedding mattresses) 317 335 Onyx manufactured 131 76
Cement 12 115 Jewellery 180,993 158,851
- - - Mutton 3,723 3,720
- - - Beef 12,347 9,793

GROWTH OF LICENSED INSTITUTIONS IN THE UAE (Through June, 2011)

Before 2000 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
8 16 19 20 22 26 31 40 46 54 60 67 70

UAE: HISTORICAL INFLATION RATE IN PERCENT

YEAR 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Jan-11 Feb-11
% 2.8 2.9 3.2 5.0 6.2 9.3 11.1 12.3 1.6 1.7 1.6 1.5

UAE FULLY AND PARTIALLY OWNED COMPANIES IN PAKISTAN

Bank Alfalah Ltd. Mackinnon Mackenzie and company of Pakistan (pvt) Ltd.
Merck sharp and Dohme of Pakistan Ltd. OBS healthcare (pvt) Ltd.
P&O containers Pakistan (pvt) Ltd. Pak-Arab refinery Ltd.
Qasim international container terminal Pakistan Ltd. United bank Ltd.
Warid telecom private Ltd. -

ABU DHABI: MACROECONOMIC & DEMOGRAPHIC INDICATORS

INDICATORS UNIT OF MEASUREMENT 2009 2013 % CHG. (P.A.)
Real GDP AED million (AD Emirate) 314,000 398,100 6.1
Population Persons (AD Metropolitan) 969,000 1,189,000 5.2
Total Employment Persons (AD Metropolitan) 574,300 693,000 4.8
Office Employment Persons (AD Metropolitan) 194,400 232,000 4.5
Hotel Nights Room nights (AD Metropolitan) 4,936,800 7,182,000 9.8
Retail spending AED million (AD Metropolitan) 18,915 23,300 5.4

DUBAI INTERNATIONAL AIRPORT & CARGO VILLAGE DURING 2010

CARGO CAPACITY PASSENGER TRAFFIC AIRLINES CARGO HANDLED PASSENGER CAPACITY DESTINATIONS
2.5 million tons pa +40 million in 2010 130 2.2 million tons in 2010 60 million pa Over 200 cities

NUMBER OF LICENSED INSTITUTIONS DURING 2011

Dubai 29
Abu Dhabi 26
Sharjah 5
Ras Al Khaimah 4
Ajman 4
Fujairah 1
Umm Al Quwain 1

WORLD TOP 5 CITIES RANKED BY PERCENTAGE OF INTERNATIONAL RETAILERS

RANK CITY
1 London
2 Dubai
3 Paris
4 New York
5 Hong Kong

UAE: GDP DISTRIBUTION BY EMIRATES

EMIRATES 2005 2006 2007 2008
Abu Dhabi 290,323 341,286 400,047 519,921
% of GDP 57.3 53.0 52.8 55.7
Dubai 147,895 224,344 264,174 301,485
% of GDP 29.2 34.9 34.9 32.3
Sharjah 44,826 49,406 59,682 71,993
% of GDP 8.8 7.7 7.9 7.7
Ajman 6,216 7,428 9,583 11,549
% of GDP 1.2 1.2 1.3 1.2
Umm Al Quwain 2,159 2,482 3,006 3,576
% of GDP 0.4 0.4 0.4 0.4
Ras Al Khaimah 9,315 11,435 13,400 15,895
% of GDP 1.8 1.8 1.8 1.7
Fujairah 6,046 7,122 8,134 9,843
% of GDP 1.2 1.1 1.1 1.1
UAE nominal GDP 506,780 643,503 758,026 934,262

PAKISTAN: DEMOGRAPHIC INDICATORS

INDICATORS 2010-11 (1st July)
Total Population (million) 177.10
Urban Population (million) 65.3
Rural Population (million) 111.8
Total Fertility Rate (TFR) 3.5
Crude Birth Rate (per thousand) 27.50
Crude Death Rate (per thousand) 7.30
Population Growth Rate (%) 2.05
LIFE EXPECTANCY (YEARS)
- Female 67.9
- Males 64.18

DEMAND SUPPLY GAP FOR THE PLANNING HORIZON (MW)

DESCRIPTION 2009 2010 2011 2012
Demand Forecast-Abu Dhabi Emirate 7,594 8,571 9,523 10,401
Demand Forecast-Northern Emirates 837 1,043 1,243 1,343
Total Demand 8,431 9,614 10,766 11,744
Tranmission Losses (Output of PSS/E Load Flow Program) 83 99 144 173
Grand Total Peak Demand 8,514 9,713 10,910 11,917
Total Available Gross Capacity including Fujairah 9,855 12,012 12,849 12,847
Required Capacity (ADWEC's Stochastic Output Program) 9,364 10,398 11,621 12,510
Demand Supply Gap (Required Capacity-Total Peak Demand) 850 685 711 593

INTEREST RATES IN PAKISTAN

DATE RATES (%)
2-Aug-10 13.00
30-Sep-10 13.5
30-Nov-10 14.00
1-Aug-11 13.5
9-Oct-11 to date 12.00

PAKISTAN: AGRICULTURE GROWTH

YEAR %
2007-08 1.0
2008-09 4.0
2009-10 0.6
2010-11 1.2

SELECTED ECONOMIC TARGETS FOR THE ABU DHABI VISION

INDICATORS 2015 2020 2030
Real GDP Y-O-Y Growth Rate (%) 7.0 6.0 6.0
Non-Oil Real GDP Y-O-Y Growth Rate (%) 9.5 7.5 7.5
Total GDP In Real 2005 (USD Billion) 167.0 232.1 415.7
Non-Oil GDP to Real GDP (%) 50 56 64
Non-Oil Net Exports to Real GDP (%) -10.8 -6.5 0.1
Economic Concentration In Real 2005 GDP (%) 28 24 20

TOP RE-EXPORT PARTNERS FOR THE UAE DURING 2010 (millions of USD)

COUNTRY VALUE OF RE-EXPORTS ($) PERCENTAGE OF TOTAL RE-EXPORTS (%)
India 14,224.52 28.11
Iran 8,581.57 16.96
Iraq 4,131.94 8.17
Afghanistan 2,119.82 4.19
Bahrain 1,604.29 3.17
Total 50,599.12 100

SWISS COMPANIES IN DUBAI BY ECONOMIC ACTIVITY

ACTIVITY (2010-11) (%)
Trading 60
Extra-Territorial Organizations 1.00
Hotels & Restaurants 1.00
Electricity, Gas & Water 1.00
Mining & Quarrying 1.00
Transport, Storage and Telecoms 8.00
Manufacturing 8.00
Real Estate, Renting & Business Services 7.00
Construction 8.00
Financial Intermediation 5.00
Agriculture & Fishing 0.0

PAKISTAN: EMPLOYED & UNEMPLOYED

YEAR 2009-10 (Million No.)
Labour force 54.92
Employed 51.87
unemployed 3.05

UAE: MONETARY CONDITION (US $ Million)

INDICATORS 2010 SEP, 2011
Net foreign assets 21,409 21,100
Net domestic assets 192,720 200,476
Broad money (M2) 214,129 221,575

UAE: ECONOMIC PERFORMANCE

INDICATORS 2009 2010 2011
Nominal GDP (US billion $) 270.3 302.0 358.1
Real GDP growth rate (%) -3.2 3.24 3.39

ABU DHABI STOCK MARKET INDICATORS

INDICATORS 2010 2011
Market capitalization (US $ billion) 69.3 63.1
Trading volume (US $ billion) 9.4 6.8
Turnover ratio (%) 13.5 10.7

OIL & NON-OIL CONTRIBUTION TO GDP  DURING 2011(%)

OIL GDP CONTRIBUTION NON-OIL GDP CONTRIBUTION
Dubai 1.8 Dubai 56.9
Sharjah 2.0 Sharjah 11.1
Abu Dhabi 96.2 Abu Dhabi 32.0

UAE: SELECTED PUBLIC FINANCE INDICATORS (US $ BILLION)

INDICATORS 2010 2011E
General government revenue 85.5 117.9
General government revenue/GDP (%) 28.3 32.9
General government expenditure 88.8 97.0
General government expenditure/GDP (%) 29.4 27.1
General government fiscal balance -3.3 20.9
General government fiscal balance/GDP (%) -1.1 5.8

UAE: OIL & NATURAL PRODUCTION

INDICATORS 2010 2011
Oil production (000 b/d) 2311 2495
Natural gas production (ktoe) 42,446 43,946

DUBAI STOCK MARKET INDICATORS

INDICATORS 2010 2011
Market capitalization (US $ billion) 54.2 49.0
Trading volume (US $ billion) 19.0 8.7
Turnover ratio (%) 35.0 17.7

US $ RATES  PER PAK RUPEE

YEARS LEADERS US $
1972 Z.A. Bhutto Rs 4.7
1977 Z.A. Bhutto Rs 9.9
1983 Gen Ziaulhaq Rs 13.1
1987 Gen Ziaulhaq Rs 17.7
1990 Benazir Bhutto Rs 24
1991 Nawaz Sharif Rs 25
1994 Benazir Bhutto Rs 30.6
1996 Benazir Bhutto Rs 40.3
1997-99 Nawaz Sharif Rs 53
1999-08 Pervaiz Musharraf Rs 62
2008 to date Yousuf Raza Gilani Rs 91.10

PAKISTAN: REAL GDP GROWTH RATE (%)

2006-07 2007-08 2008-09 2009-10 2010-11
6.8 3.7 1.7 3.8 2.4

MANUFACTURING & TRADE SECTOR’S CONTRIBUTION TO GDP DURING 2008

EMIRATE MANUFACTURING (AED MILLION) TRADE (AED MILLION)
Abu Dhabi 49,761 17,548
% of sector 43.9 11.8
Dubai 42,582 116,310
% of sector 37.6 78.4
Sharjah 15,261 8,463
% of sector 13.5 5.7
Other Emirates 5,641 6,094
% of sector 5.0 4.1