Islamabad: The 2-day Pakistan-Kuwait Joint Ministerial Commission meeting concluded here on Friday. Finance Minister, Mr. Asad Umar, and Minister of Commerce & Industry of the State of Kuwait, H.E. Khaled Nasser Abdullah Al-Roudan co-chaired the meeting.
During the two days interaction there was general consensus to further strengthen the bilateral relations between the two countries especially in field of science & technology, business & finance and other potential sector of economy. Pakistan side emphasized the need for utilizing the highly capable human resource of the country that can contribute towards the growth and development of Kuwait. It was mutually agreed that both sides will facilitate frequent and unhindered movement of business community and labour force. Pakistan also expressed its desire to benefit from the extensive experience of Kuwait in the field of oil and gas exploration.
Both sides agreed that the fifth meeting of Pakistan-Kuwait Joint Ministerial Commission will be held at Kuwait in 2020.
Earlier Thursday at the Plenary Session both co-chairs, highlighted significance of Pak-Kuwait cordial political and economic relations. Minister Asad Umar expressed Pakistan’s desire to enhance economic and commercial cooperation with Kuwait for mutual benefit of both the countries. He invited Kuwaiti businessmen to invest in agriculture farmland, milk and food processing plants in Pakistan, for export of agricultural commodities of desired quality to Kuwait and other countries. He said that Kuwaiti investors may avail investment opportunities in Special Economic Zones of Pakistan in areas like automotive, food processing and textile as well as in oil & gas exploration. His Kuwaiti counterpart said that economic relation between the two countries would be further strengthened for the mutual benefits of both countries and their people.
The Kuwaiti delegation also separately called on Finance Minister Asad Umar and had discussion on the avenues that could be explored for strengthening bilateral economic ties between the two brotherly countries.