Pakistan, Kuwait forge closer ties with industrial, engineering MOUs

News Image

MG News | May 31, 2024 at 11:13 AM GMT+05:00

0:00

May 31, 2024 (MLN): Pakistan and Kuwait have further strengthened their bilateral ties by signing agreements/MOUs in the fields of Industrial Cooperation and Engineering during the 5th Joint Ministerial Commission held yesterday.

Pakistan also offered Kuwait to come forward in the fields of Pharmaceutical, Engineering and Automotives and agreed to take practical initiatives in this regard.

A high-level delegation of Pakistan, headed by Federal Minister Abdul Aleem Khan held detailed meetings with the Kuwaiti Authorities while addressing the concluding session of 5th JMC, Federal Minister Abdul Aleem Khan announced the appointment of a Commercial Counselor by Pakistan in Kuwait.

He indicated that "Visa on Arrival" will also be started soon in Pakistan for GCC Member Countries.

In his address to the Joint Ministerial Commission, Abdul Aleem Khan said that Kuwait can engage veterinary staff, doctors, nurses and other workforce from Pakistan.

He expressed hope that in the future Kuwait will also relax visa conditions for Pakistanis.

Abdul Aleem Khan claimed that Pakistan intends long-term economic partnership with Kuwait for which special facilities can be provided under the banner of SIFC for business.

He stressed that in the fields of IT, Tourism, Minerals, Agriculture, Food, Textile and Energy Sectors new investment opportunities are available in Pakistan.

Federal Minister Abdul Aleem Khan said that the Pakistani team has also held talks on joint ventures with the Kuwait Chamber of Commerce, while a consultative meeting has also been held with Kuwait's well-known Livestock Organization "Al Muashi" in which Pakistan and Kuwait have agreed to encourage export of Poultry and other dairy products.

Kuwait's Minister of Commerce and Industry, Omar Saud Al-Omar, termed the holding of the 5th Joint Ministerial Commission satisfactory and assured Federal Minister Abdul Aleem Khan of all possible support from Kuwait.

Earlier, Federal Minister of Investment Board, Privatization and Communications Abdul Aleem Khan held a detailed meeting with Kuwait's Minister of Electricity, Water and Energy Dr.

Mahmood A. M. Bashehri along with a high-level delegation in which both the Ministers expressed sentiments of goodwill for each other in addition to promote business activities.

Abdul Aleem Khan said that both Kuwait and Pakistan are facing energy challenges and we can form joint working groups under SIFC in this regard.

In this meeting along with the Federal Minister of Investment, senior officers from the Departments of Trade and Commerce, Economic Affairs and Board of Investment from Pakistan were present in the meeting.

Copyright Mettis Link News

 

Related News

Name Price/Vol %Chg/NChg
KSE100 148,617.78
624.60M
0.86%
1274.27
ALLSHR 91,685.08
1,340.28M
0.74%
669.39
KSE30 45,247.79
197.43M
0.83%
370.74
KMI30 212,370.79
224.51M
1.05%
2209.48
KMIALLSHR 61,227.89
711.87M
1.18%
715.56
BKTi 41,264.02
160.39M
0.54%
221.73
OGTi 30,019.10
23.63M
0.64%
190.41
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 108,265.00 113,390.00
108,020.00
-4475.00
-3.97%
BRENT CRUDE 67.46 67.94
67.29
-0.52
-0.76%
RICHARDS BAY COAL MONTHLY 88.70 88.70
88.70
-0.75
-0.84%
ROTTERDAM COAL MONTHLY 96.15 96.75
96.00
-0.40
-0.41%
USD RBD PALM OLEIN 1,106.50 1,106.50
1,106.50
0.00
0.00%
CRUDE OIL - WTI 64.01 64.55
63.88
-0.59
-0.91%
SUGAR #11 WORLD 16.34 16.52
16.33
-0.14
-0.85%

Chart of the Day


Latest News
August 30, 2025 at 04:28 PM GMT+05:00

Key Pakistan Market Stats and Economic Indicators


August 29, 2025 at 06:04 PM GMT+05:00

SCRA inflows offset Rs8.5bn net selling


August 29, 2025 at 05:46 PM GMT+05:00

SECP cuts bonus, right issue timelines



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg