Pakistan, Gulf Cooperation Council discuss free trade agreement in Riyadh

A handout picture provided by the Saudi Royal Palace shows Saudi Crown Prince Mohammed bin Salman chairing the Gulf Cooperation Council (GCC) summit with other gulf leaders in Saudi Arabia's capital Riyadh on December 14, 2021. (AFP/FILE)
Short Url
Updated 25 March 2023
Follow

Pakistan, Gulf Cooperation Council discuss free trade agreement in Riyadh

  • Experts believe the free trade agreement is vital for Pakistan to increase multilateral trade volumes
  • The two sides also held technical-level talks last year to discuss the modalities of the agreement

ISLAMABAD: A delegation of senior Pakistani diplomats met with top Gulf Cooperation Council (GCC) officials in Riyadh this week to discuss the modalities of a free trade agreement between the two sides, said the foreign office in Islamabad on Friday.

The two sides signed a framework agreement to discuss the issue in August 2004, although only a few rounds of negotiations were held in the subsequent years. However, the GCC and Pakistan resumed the conversation over the subject in 2021 after a significantly long period.

Last year, they held technical-level talks to examine the possibility of signing the free trade agreement that could help Pakistan boost its exports to the six-country bloc, which includes Saudi Arabia, the United Arab Emirates, Bahrain, Oman, Qatar, and Kuwait.

“The first meeting of the Joint Working Group on Political Cooperation under the framework of Pakistan-GCC Strategic Dialogue was held on 21 March in Riyadh,” the foreign office spokesperson Mumtaz Zahra Baloch said during her weekly news briefing.

“The Dialogue was co-chaired by Additional Foreign Secretary for the Middle East, Ambassador Rizwan Sheikh and Assistant Secretary General for Political Affairs and Negotiations at the GCC General Secretariat, Dr. Abdulaziz Alwaisheg,” she added. “The two sides discussed the Free Trade Agreement (FTA) between Pakistan and GCC and exchanged views on regional and global security, counter-terrorism, and Islamophobia.”

Pakistan has been facing major economic challenges amid dwindling foreign exchange reserves and fast-depreciating national currency. While the country has been striving to secure external financing by negotiating with global lenders like the International Monetary Fund, it needs to increase its exports as a long-term solution to its financial problems.

Pakistani industrialists and economists believe the free trade agreement is vital for the country to increase multilateral trade volumes.

“The FTA with GCC should have been signed much earlier because these are major economies, especially the UAE is our major trading partner, as our high-end imports are mostly coming from UAE,” Dr. Vaqar Ahmed, joint executive director at the Sustainable Development Policy Institute (SDPI), told Arab News last year in July.

Currently, Pakistan has free trade agreements with China, Malaysia, and Sri Lanka, though it also wants to export more to other trade destinations.

 


Pakistan alleges India behind Balochistan attacks that killed 18 civilians, 15 troops

Updated 6 sec ago
Follow

Pakistan alleges India behind Balochistan attacks that killed 18 civilians, 15 troops

  • Interior Minister Mohsin Naqvi accuses India of planning coordinated attacks across Balochistan this week 
  • Military says it killed 133 militants on Friday and Saturday in separate operations across various areas in Balochistan

ISLAMABAD: Pakistan’s Interior Minister Mohsin Naqvi this week alleged that India was behind the recent coordinated attacks in the southwestern Balochistan province that the military says killed 18 civilians and 15 troops, vowing to go after those responsible for the violence. 

Pakistan’s military said on Saturday that it had killed 133 militants in the past two days in separate operations in Balochistan. The Inter-Services Public Relations (ISPR) said 41 militants were killed in operations in Panjgur and Harnai areas on Friday while 92 militants, including three suicide bombers, were killed on Saturday as security forces repelled coordinated attacks on civilians and law enforcement personnel in Quetta, Gwadar, Mastung, Nushki, Dalbandin, Kharan, Panjgur, Tump and Pasni areas. 

It added that 18 civilians, including women, children, elderly people and laborers, were killed in the attacks in Gwadar and Kharan, while 15 security personnel were also killed during clearance operations and armed standoffs.

“India is behind these attacks,” Naqvi said during a joint press conference in Quetta late Saturday night with Balochistan Chief Minister Sarfraz Bugti. “I can tell you for sure that India planned these attacks along with these terrorists.”

He vowed that Islamabad would go after the militants who carried out these attacks and their “masters.”

“At this time it is very necessary that the world knows that the main country that is behind terrorism is India, who not only financially supports terrorists but also supports them in their planning and strategy as well,” the minister said. 

In its statement on Saturday, the ISPR said the attacks were launched by “Indian sponsored Fitna al Hindustan,” a reference the military frequently uses for the separatist Balochistan Liberation Army (BLA) militant group. 

The BLA also issued a statement on Saturday, saying it had launched what it called “Operation Herof 2.0,” claiming responsibility for attacks in multiple locations across Balochistan. 

The military had said intelligence reports have confirmed the attacks were orchestrated and directed by militant leaders operating from outside Pakistan who were in direct communication with attackers during the assaults.

Pakistan has frequently blamed India for supporting militant attacks in Balochistan and its northwestern Khyber Pakhtunkhwa (KP) provinces, charges that New Delhi has vehemently denied. 

Balochistan, which borders Iran and Afghanistan, has faced a decades-long insurgency by separatist militant groups, with Pakistani authorities frequently accusing foreign actors of backing the violence. India has repeatedly denied such allegations.