Pakistan, Kuwait agree to increase trade, investment cooperation

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Staff Reporter
Islamabad

Pakistan and Kuwait have expressed resolve to enhance cooperation in economic, trade, oil and gas, energy, investment, agriculture, IT and health sectors.
This was reaffirmed when a high-level Kuwaiti delegation led by Assistant Foreign Minister Ali Suliman Al-Saeed called on Secretary Economic Affairs Division (EAD) Noor Ahmed on Thursday.The secretary EAD emphasised upon enhancing bilateral economic relation for mutual benefit of both countries.

He appreciated the generous support of the state of Kuwait in extending financing for development projects in Pakistan and debt suspension facility provided by Kuwait Fund to overcome Covid-19 situation.

The secretary underscored the need to sign a Framework Agreement with Kuwait Fund for financing the various projects in infrastructure, energy and social sector.
Both sides took a review of bilateral economic relations and resolved to move forward for enhancing cooperation in economic, trade, oil and gas, energy, investment, agriculture, IT and health sectors. Both sides agreed to hold the next session of the Joint Ministerial Commission in the near future.

The assistant foreign minister of Kuwait hoped that the forthcoming meeting of the joint commission will be instrumental in paving the way for future cooperation between the two countries.

Earlier on Wednesday, Foreign Minister Shah Mahmood Qureshi reaffirmed Pakistan’s desire to forge stronger bilateral relations with Kuwait. He was talking to a Kuwaiti delegation led by Assistant Foreign Minister for Asian Affairs, Ambassador Ali Suleman Al-Saeed in Islamabad.

The foreign minister stressed the importance of deepening and diversifying the bilateral cooperation particularly in the areas of trade, investment, manpower export, and food security. He also underscored the importance of facilitating travel between the two countries.

Qureshi lauded the positive and constructive role played by the Kuwaiti leadership towards the resolution of differences among member states of the Gulf Cooperation Council.—TLTP

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