Pakistan, Oman agree on sector-specific cooperation
Business
Both sides discussed strategies to enhance bilateral trade and investment
ISLAMABAD (APP) - A high-level meeting between Federal Minister for Commerce, Jam Kamal Khan, and Oman’s Minister for Commerce, Industry and Investment Promotion, Qais Al Yousif, was held at the Ministry in Muscat to explore avenues for enhancing bilateral trade, strengthening investment ties, and promoting regional connectivity.
During the discussions, Jam Kamal Khan emphasised Pakistan’s industrial expertise and commercial strength, stating, “Oman can benefit from Pakistan’s expertise, know-how, and industrial and commercial prowess to achieve the economic diversification goals set under Vision 2040 of the Sultanate.”
He reiterated Pakistan’s commitment to fostering deeper economic cooperation with Oman.
Qais Al Yousif acknowledged Pakistan’s strategic significance in regional trade, highlighting that “historical ties and geographical proximity render Pakistan the most effective trade route to the Central Asian Republics (CARs)” said a release issued here on Wednesday.
He expressed Oman’s interest in strengthening its economic partnership with Pakistan and expanding trade and investment opportunities in key sectors.
Both sides discussed strategies to enhance bilateral trade and investment, agreeing on the need to improve direct transportation linkages and utilize Pakistan as a trade route to CARs.
The Pakistani delegation highlighted the potential of Gwadar and Karachi ports as vital hubs for regional trade, offering Oman greater access to emerging markets.
The meeting also focused on sector-specific cooperation in textiles, small and medium enterprises (SMEs), agriculture, food security, and manufacturing.
Both ministers emphasized the importance of industrial collaboration, joint ventures, and agricultural trade to ensure a sustainable supply chain. Pakistan also invited Oman to explore increased investment in its industrial and manufacturing sectors.
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