Pakistan seeks early implementation of free trade agreement with Gulf Cooperation Council

Secretary General of the Gulf Cooperation Council (GCC), Jassem Mohamed Albudaiwi, right, and Dr. Gohar Ejaz, Pakistan's minister of commerce shake hands after signing preliminary Free Trade Agreement (FTA) between the GCC and Pakistan in Riyadh, Saudi Arabia on September 28, 2023. (Photo courtesy: GCC)
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Updated 05 October 2023
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Pakistan seeks early implementation of free trade agreement with Gulf Cooperation Council

  • A ‘preliminary’ deal signed by two sides needs to go through GCC’s internal administrative and approval process
  • The FTA will enable Pakistan to meet its export targets while increasing investment from the six-nation bloc

ISLAMABAD: Pakistan called for early implementation of a free trade agreement (FTA) with the Gulf Cooperation Council (GCC) on Thursday, pointing out that its activation would lead to mutual economic growth and prosperity in the foreseeable future.

The two sides thrashed out technical issues while examining the possibility of entering the agreement in negotiations held last year.

More recently, an official statement circulated in Islamabad announced the signing of a “preliminary” free trade agreement on Friday after the country’s interim finance minister, Dr. Gohar Ejaz, met the GCC secretary-general, Jassem Mohamed Albudaiwi, in Riyadh.

The statement described it as a “milestone” development, adding that the preliminary deal would go through GCC’s internal administrative and approval process before the agreement’s finalization.

“Pakistan-GCC FTA is the first such agreement concluded by GCC with any country since 2009,” the foreign office spokesperson, Mumtaz Zahra Baloch, said during her weekly media briefing. “We look forward to the early signing, ratification, and implementation of the Agreement, which we believe will contribute to growth and mutual prosperity and mark a new chapter in economic relations between Pakistan and GCC.”

The GCC is an important six-country trade bloc which includes Saudi Arabia, the United Arab Emirates, Bahrain, Oman, Qatar, and Kuwait.

Pakistani officials have described the preliminary deal as a major “turning point” in the history of economic and trade cooperation between the two sides that will serve their common interests.

Pakistani business community has also maintained the implementation of the agreement would help the country meet its export targets while increasing investment from the GCC region.


Pakistan, other Muslim states raise alarm over Gaza situation after heavy flooding

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Pakistan, other Muslim states raise alarm over Gaza situation after heavy flooding

  • Cold winter rains have repeatedly lashed the sprawling tent cities, turning Gaza’s dirt roads into mud and causing damaged buildings to collapse
  • The situation has been compounded by lack of sufficient humanitarian access, acute shortages of essential life-saving supplies and materials

ISLAMABAD: Foreign ministers of Pakistan, Saudi Arabia and other Muslim nations on Friday voiced concern over the situation in Gaza, following severe flooding triggered by heavy rains in the territory.

As 2026 begins, the shaky 12-week-old ceasefire between Israel and Hamas has largely ended large-scale Israeli bombardment of Gaza. But Palestinians are still being killed almost daily by Israeli fire, and the humanitarian crisis shows no signs of abating.

Cold winter rains have repeatedly lashed the sprawling tent cities over past weeks, turning Gaza’s dirt roads into mud and causing buildings damaged in Israeli bombardment to collapse. UNICEF says at least six children have now died of weather-related causes.

In a joint message, foreign ministers of Pakistan, Saudi Arabia, Egypt, Indonesia, Jordan, Qatar, Türkiye, the United Arab Emirates, expressed their “deepest concern” over the situation, compounded by lack of sufficient humanitarian access, acute shortages of essential life-saving supplies, and the slow pace of the entry of essential materials required for the rehabilitation of basic services.

“The ministers highlighted that the severe weather has laid bare the fragility of existing humanitarian conditions, particularly for almost 1.9 million people and displaced families living in inadequate shelters,” the Pakistani foreign ministry said in a joint statement.

“Flooded camps, damaged tents, the collapse of damaged buildings, and exposure to cold temperatures coupled with malnutrition, have significantly heightened risks to civilian lives, including due to disease outbreaks, especially among children, women, the elderly, and individuals with medical vulnerabilities.”

The statement came a day after UNICEF said a 7-year-old, Ata Mai, had drowned Saturday in severe flooding that engulfed his tent camp in Gaza City. Mai had been living with his younger siblings and family in a camp of around 40 tents.

They lost their mother earlier in the war, according to the UN agency.

Video from Civil Defense teams, shown on Al Jazeera, showed rescue workers trying to get Mai’s body out of what appeared to be a pit filled with muddy water surrounded by wreckage of bombed buildings. The men waded into the water, pulling at the boy’s ankle, the only part of his body visible. Later, the body is shown wrapped in a muddy cloth being loaded into an ambulance.

Foreign minister of Pakistan, Saudi Arabia and other states appreciated the efforts of all United Nations (UN) organizations and agencies as well as non-government organizations (NGOs) in continuing to assist Palestinian civilians and deliver humanitarian assistance under extremely difficult and complex circumstances.

“They demanded that Israel ensure the UN and international NGOs are able to operate in Gaza and the West Bank in a sustained, predictable, and unrestricted manner, given their integral role in the humanitarian response in the Strip. Any attempt to impede their ability to operate is unacceptable,” the statement read.

The foreign ministers reaffirmed support to President Donald Trump’s plan for Gaza, with a view to ensuring the sustainability of the ceasefire, bringing an end to the war in Gaza, to secure a dignified life for the Palestinian people who have endured prolonged humanitarian suffering, and leading to a credible pathway to Palestinian self-determination and statehood.

“In this context, they stressed the urgent need to immediately initiate and scale up early recovery efforts, including the provision of durable and dignified shelter to protect the population from the severe winter conditions,” the statement read further.

“The ministers called on the international community to uphold its legal and moral responsibilities and to pressure Israel, as the occupying power, to immediately lift constraints on the entry and distribution of essential supplies including tents, shelter materials, medical assistance, clean water, fuel, and sanitation support.”