Oman desirous to boost bilateral trade, economic ties with Pakistan: Ambassador

City Reporter

Ambassador of Oman, Al-Sheikh Mohammed Al-Marhoon says his country is desirous on boosting bilateral trade and economic relations with Pakistan.

He stated this while interacting with the business community during his visit to Islamabad Chamber of Commerce & Industry.

The ambassador said that Pakistani high quality products having great prospects to penetrate into Oman’s market and added that chambers of commerce of both countries should play a role to ensure bilateral trade of quality products between them.

Many Pakistani products were getting labelled in third countries for export at higher prices and urged that Pakistan should ensure direct export of its products by focusing on their branding that would achieve better results for its economy.

He said that peace in Afghanistan would create many new opportunities of trade promotion between Central Asian region and Arab countries through Gwadar and Salalah ports.

The envoy also invited Pakistani investors to explore JVs and investments in Salalah Free Zone which offered great incentives including 30-year tax holiday, zero VAT, customs duties exemptions, 100% foreign ownership, only 20% Oman’s requirement, one stop shop services and no minimum capital requirement.

Senior Vice President ICCI, Jamshaid Akhtar Sheikh highlighted trade, tourism, oil & gas exploration, ports, agriculture, construction and healthcare, education as potential areas of mutual cooperation between the two countries.

He said that both countries should encourage frequent exchange of trade delegations and focus on developing strong business linkages between their private sectors to explore all untapped areas of mutual cooperation.

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