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Dastgir for enhancement of Pak-Bahrain trade ties

Dastgir for enhancement of Pak-Bahrain trade ties

ISLAMABAD: Minister for Commerce Khurram Dastgir has invited the business community of Bahrain to take the maximum benefit from the trade and business opportunities in different sectors of Pakistan’s economy.

He was speaking at Pakistan-Bahrain Business Forum, which was jointly organised by the Bahrain Ministry of Industries and Commerce in collaboration with the Pakistani Ministry of Commerce and the Board of Investment. Pakistan and Bahrain signed 15 Memoranda of Understanding and two agreements aiming at boosting the bilateral trade and investment relations in different sectors. These MoUs and agreements were inked at the conclusion

Representatives of different private companies and senior officials of both the governments inked the MoUs and agreements on behalf of their respective sides.

The visit of the king of Bahrain took place at a time when Pakistan was emerging economically and politically as a vibrant and stable state, Dastgir said. He extended the fullest support of his ministry to the investors of Bahrain and stressed the need for further enhancing the business links between both the countries.

Khurram Dastgir also offered joint ventures in textile sectors for fully harnessing the Free Trade Agreements signed by Bahrain with the US as well as providing opportunities for Pakistan to get benefits from the GSP Plus facility granted to Pakistan by the European Union.

The Federal Minister for Commerce urged the Bahrain business community to exploit investment opportunities in the power generation and alternative energy sectors in the country.