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 and Italy mark 70 years of archaeological cooperation in Swat

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Pakistan and Italy mark 70 years of archaeological cooperation in Swat

  • Founded in 1955, Italy’s Swat mission has led excavations and conservation work at major Gandhara sites
  • Italian archaeologists have also contributed to training Pakistani researchers and museum development

ISLAMABAD: Pakistan and Italy marked 70 years of archaeological cooperation, said an official statement on Sunday, with officials highlighting decades of joint work in preserving ancient sites in the country’s northwest, where Italian researchers have played a central role in documenting and conserving remnants of the Gandhara civilization.

The Italian Archaeological Mission in Swat was established in 1955 by Italian scholar Giuseppe Tucci, a leading expert on Asian art and religions, with the aim of studying, excavating and preserving Buddhist and pre-Islamic sites in what is now Pakistan’s Khyber Pakhtunkhwa province.

Over the decades, the mission has become one of the longest-running foreign archaeological projects in the country, working closely with Pakistani authorities and academic institutions.

“Pakistan is committed to advancing archaeological research, conservation and education, and looks forward to deepening cooperation with Italy in both scope and dimension,” Pakistan’s Minister for National Heritage and Culture Aurangzeb Khan Khichi said while addressing a ceremony in Rome marking the mission’s anniversary.

The event was organized by Italy’s International Association for Mediterranean and Oriental Studies (ISMEO), with support from the Italian Agency for Development Cooperation and the University of Venice, and was attended by Pakistani and Italian academics, diplomats and cultural officials.

The Italian mission was originally conceived to systematically document Buddhist sites in the Swat Valley, once a major center of the ancient Gandhara civilization, which flourished from around the first century BCE and became a crossroads of South Asian, Central Asian and Hellenistic influences.

Since its inception, the mission has led or supported excavations and conservation work at several key sites, including Barikot, believed to be ancient Bazira mentioned by classical sources, as well as Butkara and Saidu Sharif, helping establish chronologies, preserve stupas and monasteries and train generations of Pakistani archaeologists.

Italian researchers have also worked with local authorities on site protection, museum development and post-conflict rehabilitation, particularly after natural disasters and periods of unrest that threatened archaeological heritage in the region.

The anniversary program featured sessions on the history of the mission, its collaboration with the provincial government of Khyber Pakhtunkhwa, and future research areas such as archaeobotany, epigraphy and geoarchaeology.

The event was moderated by Professor Luca Maria Olivieri of the University of Venice, who has been associated with archaeological fieldwork in Pakistan for nearly four decades and was awarded Pakistan’s Sitara-e-Imtiaz for his contributions to heritage preservation.

Officials said the mission’s longevity reflected a rare continuity in international cultural cooperation and underscored Pakistan’s efforts to protect its archaeological legacy through partnerships with foreign institutions.