Pakistani delegation to seek investments during Kuwait visit by month-end

ISLAMABAD: A high-level Pakistani delegation is expected to visit Kuwait by the end of the month to strengthen bilateral cooperation and highlight business opportunities in the country amid renewed efforts to attract investment from the Gulf state.
Last year, the two countries agreed to deepen their economic and investment ties during the visit of interim prime minister Anwaar-ul-Haq Kakar to the Arab state in late November. The visit was billed as a significant step in enhancing the relationship between the two countries, with the signing of various memoranda of understanding aimed at boosting cooperation in fields such as manpower, information technology, mineral exploration, food security, energy and defense.
Kakar’s visit to Kuwait came just a few months after the country established the Special Investment Facilitation Council (SIFC), a civil-military hybrid body designed to oversee foreign financing with a specific focus on the Gulf region.
The upcoming visit of the Pakistani delegation, led by Federal Minister for Board of Investment, Privatization and Communications Abdul Aleem Khan, was announced in an official statement, although the exact dates were not specified.
“During the visit to Kuwait, there will be progress in providing employment to more workforce from Pakistan, especially health professionals and skilled labor,” Khan was quoted as saying in the statement.
“Pakistan will increase cooperation [with Kuwait] by taking on board its export companies for dairy farming, meat products, rice and other food items and move forward through accelerated measures,” he added.
The minister expressed optimism that the visit would mark the beginning of a new era of mutual cooperation, improvement in economic affairs and investment, for which the relevant departments were making preparations.
He presided over a meeting about the visit and told participants that Kuwait’s envoy had also been taken on board while making all necessary arrangements.
The delegation is expected to hold meetings with top officials of the Gulf country to discuss trade and business activities between the two countries.