LOC15:06
12:06 GMT
ISLAMABAD, March 30 (KUNA) -- Pakistan and Bahrain on Thursday agreed to increase the present volume of trade between the two countries to its real potential during Pakistan-Bahrain second business opportunities conference in federal capital Islamabad.
Pakistanآ’s Commerce Minister Khurram Dastgir, addressing a joint news conference with Bahrain's Minister for Commerce and Industry Zayed R Alzayani, said that Pakistan and Bahrain have decided to increase investment and trade with the help of private sectors.
He said Pakistan will export vegetables, meat and fruit to Bahrain, adding that both sides have achieved considerable progress during their meeting on Free Trade Agreement with Gulf Cooperation Council, he added.
Moreover, the Minister said that both countries will soon start dialogue for a draft agreement which will pave the way for enhancement of investment and trade.
Speaking during the Pakistan-Bahrain second business opportunities conference, Dastgir said Pakistan is committed to have a robust economic engagement with Bahrain.
He noted that the two countries already have closer cooperation in different fields, saying that the people of Pakistan have demonstrated unique resilience and strength in facing the challenge of terrorism and that the government is committed to maintain peace, which is vital for economic progress and development.
Meanwhile, he said that enhanced cooperation in trade and commerce will further cement long term brotherly relations between the two countries.
Earlier on Wednesday, a delegation of businessmen and investors from Gulf countries, led by Bahrain's Commerce Minister Zayed R. Alzayan, arrived in Islamabad to attend the conference, which is jointly organized by Pakistanآ’s Ministry of Commerce and the Pakistani Embassy in Bahrain. (end)
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