Omer Zahid Malik
Manama—Pakistan and Bahrain have agreed to enhance economic cooperation at a conference here. The two countries have decided to establish the Pakistan Bahrain Investment Company.
In addition, two MOUs were signed during the event. An MOU was signed between the Punjab Board of Investment and Trade (PBIT) and the Bahrain Economic Development Board, under which both parties will work closely to enhance economic cooperation. Another MOU was signed between the Federation of Pakistan Chambers of Commerce and Industry and the Bahrain Chamber of Commerce for the same purpose.
During the conference, Pakistan and Bahrain also agreed to establish display center of Pakistani goods in Bahrain. The conference in Manama was organized in order to enhance bilateral trade and economic relations. During the event, PBIT explored collaborations with businesses and investors from various countries including Bahrain, Qatar, Saudi Arabia and U.A.E. The Bahraini company Albakara expressed interest in Punjab’s growing meat market during the event, while many other investors were keen to explore opportunities in Punjab’s agriculture and livestock sectors.
Speaking on the occasion, CEO PBIT informed investors regarding Pakistan’s economic turnaround and the role played Chief Minister Punjab in promoting a positive investment climate in the country’s largest province. She pledged that PBIT would continue to facilitate investors using every resource at its disposal. Pakistan Federal Minister Khurram Dastgir Khan was also present on the occasion. He expressed his appreciation to the conference organizers for a thoughtful initiative and praised the strong relations between Pakistan and Bahrain.