Economics & Business Pak Affairs

Vast scope to cement Pak-Oman relations: PM

KARACHI: Prime Minister Shaukat Aziz has said there is vast scope to further cement the growing relations between Pakistan and Oman in a broad spectrum of areas particularly trade and investment. He was talking to a delegation of Pakistan-Oman Investment Company led by its Chairman Yahya Bin Said Bin Abdullah Al Jabri at the Governor House. He said that Oman and Pakistan are tied in the bonds of shared values, history and faith.This relationship, he said, has further strengthened the diplomatic, cultural and economic relations between the two countries. He said Pakistan offers the ideal conditions in all respects to be a regional hub for manufacturing and trade. Its geo-strategic location is pivotal in promoting and facilitating trade linkages between Asian countries, he added.

Shaukat Aziz said that Pakistan on account of the success of a multifaceted reform agenda, investment friendly policies, transparent procedures, good governance and high rates of return has emerged as an attractive investment destination. Pakistan, he said, is building energy, transportation and trade corridors to leverage the true potential of regional trade which will usher in an era of development and prosperity for the people of the region.

Prime Minister said that high economic growth rate achieved by Pakistan during the last five years is a result of consistency and continuity of policies. Despite challenges the government is determined to develop the infrastructure as well as opportunities in future, he added. The Prime Minister while appreciating the performance of Pakistan-Oman Investment Company, said it is a model and most successful company being run on professional lines. He said there are yet multiple choices available for the investors. He expressed confidence that the private sector would be able to take advantage of the investment opportunities.

Talking about the development of Gwadar, the Prime Minister said government is investing heavily in the infrastructure development of the coastal city. Gwadar deep sea port has started functioning. Coastal Highway linking Karachi to Gwadar is contributing towards the socio-economic uplift of the residents of this area while construction work on new Gwadar Airport will soon be initiated, he added.

Yahya Bin Said Bin Abdullah Al-Jabri said Oman desires to expand economic ties with Pakistan and is moving actively on the joint collaborative projects. He expressed satisfaction over the progress made by Pakistan-Oman Investment Company which has given impetus to economic cooperation between the two countries. Ever since its
establishment, venture of the company has expanded three times to cater to the available opportunities, he said. He also told the Prime Minister that a large Pakistani community in Oman is contributing towards the development of the country. The delegation appreciated the investment friendly policies and transparency in procedures
in Pakistan and said these policies have contributed the enhancement of economic cooperation between the two countries. Governor Sindh Dr. Ishrat ul Ibad Khan, Ambassador of the Sultanate of Oman, Consul General of Oman and senior officials also attended the meeting.-SANA

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Omer Azam

Omer Azam is Social Media Marketer, very active on propeller; he is very much interested in International Politics.

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