ISLAMABAD: Pakistani Commerce Minister Jam Kamal Khan has urged Oman to expand the reach of its deep-water port and free zone by connecting it through Pakistan to Central Asia and China to enhance regional trade cooperation, Khan’s ministry said on Tuesday.
The statement came during Khan’s three-day official visit to Oman where he spent his first day in the industrial hub of Sohar to discuss bilateral trade, investment and industrial collaboration between the South Asian nation and the Middle Eastern state.
Pakistan aims to leverage its strategic geopolitical position to enhance its role as a key trade and transit hub connecting landlocked Central Asian republics with the rest of the world. In recent months, there has been a surge of visits, investment talks and economic activity involving Gulf and Middle Eastern nations.
During his visit to Sohar Port, the Pakistani commerce minister was given a detailed briefing on the port’s state-of-the-art facilities and its role as a major trade and logistics hub.
“He emphasized the potential for enhanced trade cooperation, particularly in expanding Sohar Port and Free Zone’s reach through Pakistan to Central Asia and China,” the Pakistani commerce ministry said in a statement, following Khan’s meeting with Omani officials.
Khan, who was accompanied by Pakistan’s ambassador to Oman Naveed Safdar Bokhari and other officials, was presented with an overview of the integrated free economic zone and industrial city, highlighting Sohar Port’s strategic role in handling 80 percent of Oman’s international trade and industrial activities.
The commerce minister urged joint ventures between Pakistani and Omani businesses during his meeting with industrialists and business leaders.
“The minister reaffirmed Pakistan’s commitment to boosting trade with Oman, particularly in the industrial and logistics sectors,” the commerce ministry said.
Later, Khan was taken on a city tour where he offered prayers at the iconic Sultan Qaboos Mosque in Sohar.
Last August, Islamabad invited Oman to invest in Pakistan’s agriculture, mineral and IT sectors through the Special Investment Facilitation Council, a Pakistani civil-military body aimed at attracting foreign investment.
The South Asian nation has been making efforts to boost foreign investment in order to reduce its reliance on foreign debt to support its fragile $350 billion economy. There has recently been a surge in economic engagements between Pakistan and Saudi Arabia, United Arab Emirates, Uzbekistan, Azerbaijan and other nations.
Islamabad urges Oman to expand deep-water port’s reach to Pakistan to enhance regional trade
https://arab.news/vtqm6
Islamabad urges Oman to expand deep-water port’s reach to Pakistan to enhance regional trade
- The development comes during Commerce Minister Jam Kamal Khan’s official visit to Oman
- The minister reaffirms Pakistan’s commitment to boosting trade in industrial, logistics sectors
Pakistan explores ferry shipping to boost trade with Yemen, regional markets
- Pakistan commerce minister meets Yemeni envoy to discuss enhancing trade cooperation
- Yemeni ambassador calls for reviving bilateral agreements, strengthening trade mechanisms
ISLAMABAD: Pakistan’s Commerce Minister Jam Kamal Khan said on Friday that his ministry is exploring the possibility of introducing ferry-based shipping services with Yemen to cut freight costs and boost bilateral, regional trade.
Pakistan has been attempting to enhance its ferry-based services with Middle Eastern countries in recent months. Islamabad granted its first-ever ferry service license to an international operator, Sea Keepers, for routes connecting Pakistan with Iran and Gulf Cooperation Council (GCC) countries in August. Last month, Pakistan’s federal cabinet approved a ferry service to Oman from the southwestern port of Gwadar to boost trade and tourism.
Khan met Yemen’s Ambassador to Pakistan, Mohammed Motahar Alashabi, in Islamabad on Friday where both sides discussed enhancing trade and economic cooperation between the two countries.
“Jam Kamal highlighted the importance of creating efficient, low-cost logistics channels for small and medium enterprises and informed H.E. Alashabi that the ministry is examining the introduction of ferry-based small shipping services to reduce freight costs and improve turnaround time for regional trade,” the commerce ministry said.
“Both sides expressed confidence that sustained dialogue, improved logistics, and revival of formal cooperation mechanisms will help unlock new opportunities for trade and investment between Pakistan and Yemen.”
Alashabi expressed Yemen’s desire to expand commercial engagement with Pakistan, the commerce ministry said, stressing that Yemen continues to regard Islamabad as a “trusted partner” despite logistical and regional challenges in recent years.
He said nearly 300 Yemeni students are studying in Pakistan, highlighting strong people-to-people ties and confidence in Pakistan’s educational institutions. He stressed the need to revive bilateral agreements and strengthen mechanisms to boost trade between the nations.
Kamal said Pakistan placed a lot of emphasis on expanding trade with regional and nearby markets, adding that Pakistan’s growing entrepreneurial and SME sectors could benefit from improved access to close-proximity markets such as Yemen, Somalia, Ethiopia, and Oman.
