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Pakistan vows to take trade, economic ties with Bahrain to 'new heights'

Pakistan on Thursday expressed its take trade and economic ties with Bahrain to “new heights” as the two countries held third session of their Joint Ministerial Commission (JMC) in Islamabad. Bahrain’s FM Abdullatif bin Rashid Al Zayani — who arrived in Pakistan last night on a two-day visit — co-chaired the JMC session along with Deputy Prime Minister and Foreign Minister Ishaq Dar. Addressing a…

Pakistan vows to take trade, economic ties with Bahrain to 'new heights'

Pakistan's Deputy Prime Minister and Foreign Minister Ishaq Dar reaffirmed the nation's commitment to elevating trade and economic ties with Bahrain during the third session of the Joint Ministerial Commission (JMC) in Islamabad. Bahrain's Foreign Minister Abdullatif bin Rashid Al Zayani, who arrived for a two-day visit, co-chaired the JMC session with Dar.

Dar expressed gratitude for Bahrain's constructive engagement and highlighted the strong bond between the two countries, stating that Pakistan-Pakistan friendship remains strong and forward-looking. Both nations are fraternal and cooperate on international platforms. Dar emphasized Pakistan's dedication to achieving a $1 billion trade target with Bahrain, with a goal to double it within three years.

He hinted at the possibility of a free trade agreement (FTA) with the Gulf Cooperation Council (GCC), noting that the GCC secretary general mentioned the deal was "almost ripe," barring one country's approval. The Pakistani delegation urged Bahrain to recognize degrees and professional qualifications, facilitating skilled labor mobility between the two nations.

The JMC, established in 2014, has signed a memorandum of understanding to promote business between Pakistan and Bahrain. Additionally, the two foreign ministers held a separate meeting to discuss broadening bilateral cooperation in areas like trade, investment, and defense.

Written by urgent.news from Dawn Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

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