Pakistan aims to lift Bahrain trade to $1 billion in three years, PM tells crown prince

Pakistani Prime Minister Shehbaz Sharif (right) receives guard of honor at the Al-Qudaibiya Palace in Manama, Qatar, on November 26, 2025. (PID)
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Updated 26 November 2025
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Pakistan aims to lift Bahrain trade to $1 billion in three years, PM tells crown prince

  • Sharif pushes to expand Pakistan–Bahrain trade backed by progress on Pakistan–GCC FTA and eased visa rules
  • PM invites Bahraini investment in food security, IT, minerals, ports and energy, discusses defense ties and Gaza

ISLAMABAD: Pakistani Prime Minister Shehbaz Sharif has proposed raising bilateral trade with Bahrain from over $550 million to $1 billion within three years, using the Pakistan–GCC Free Trade Agreement and relaxed visa procedures to accelerate investment flows, the Prime Minister’s Office (PMO) said on Wednesday after talks with the Kingdom’s Crown Prince Salman bin Hamad Al Khalifa.

Pakistan and Bahrain established diplomatic ties in 1971 and maintain close economic, labor and defense cooperation. Bahrain hosts more than 120,000 Pakistanis, making it an important source of remittances for Islamabad. 

Economic engagement has accelerated this year following the Pakistan–Bahrain Investment Summit, where firms signed $13 million worth of contracts, and with the Pakistan–GCC Free Trade Agreement now at an advanced stage of finalization.

“Economic cooperation was a key focus,” Sharif’s office said about his meeting with the Bahrain crown prince. 

“The Prime Minister highlighted the potential to increase bilateral trade, currently over $550 million, to $1 billion within three years, supported by the Pakistan–GCC Free Trade Agreement … and recently eased visa requirements.”

The PMO said the prime minister invited Bahraini investors to expand their footprint in Pakistan in food security, IT, construction, mines and minerals, health care, renewable energy, and tourism. He also proposed enhanced port-to-port connectivity between Karachi/Gwadar and Bahrain’s Khalifa Bin Salman Port, a move seen as key to improving cargo movement, reducing shipping times in the Arabian Sea and integrating Pakistan’s deep-sea ports more closely with Gulf trade routes.

Labor and human development cooperation also featured in the discussions, with Sharif acknowledging Bahrain’s support for Pakistani expatriates. The PMO added that the two sides also discussed academic and governance initiatives: 

“Sharif welcomed further collaboration in higher education, technical training, and digital governance, building on the King Hamad University initiative, and thanked Bahrain for facilitating the release and repatriation of Pakistani nationals.”

Defense was another area of expansion, with both governments looking to deepen security ties through collaboration in training, cybersecurity, defense production, and information sharing.

The humanitarian crisis in Gaza was a major part of the conversation with the two leaders agreeing that the establishment of “peace and stability was long overdue for the people of Gaza who have suffered for decades.”

“The meeting concluded with confidence that the discussions will translate into tangible outcomes and further elevate Pakistan–Bahrain relations across strategic, economic, security and people-to-people domains,” the PMO said. 


Pakistan, global crypto exchange discuss modernizing digital payments, creating job prospects 

Updated 05 December 2025
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Pakistan, global crypto exchange discuss modernizing digital payments, creating job prospects 

  • Pakistani officials, Binance team discuss coordination between Islamabad, local banks and global exchanges
  • Pakistan has attempted to tap into growing crypto market to curb illicit transactions, improve oversight

ISLAMABAD: Pakistan’s finance officials and the team of a global cryptocurrency exchange on Friday held discussions aimed at modernizing the country’s digital payments system and building local talent pipelines to meet rising demand for blockchain and Web3 skills, the finance ministry said.

The development took place during a high-level meeting between Finance Minister Muhammad Aurangzeb, Pakistan Virtual Assets Regulatory Authority (PVARA) Chairman Bilal bin Saqib, domestic bank presidents and a Binance team led by Global CEO Richard Teng. The meeting was held to advance work on Pakistan’s National Digital Asset Framework, a regulatory setup to govern Pakistan’s digital assets.

Pakistan has been moving to regulate its fast-growing crypto and digital assets market by bringing virtual asset service providers (VASPs) under a formal licensing regime. Officials say the push is aimed at curbing illicit transactions, improving oversight, and encouraging innovation in blockchain-based financial services.

“Participants reviewed opportunities to modernize Pakistan’s digital payments landscape, noting that blockchain-based systems could significantly reduce costs from the country’s $38 billion annual remittance flows,” the finance ministry said in a statement. 

“Discussions also emphasized building local talent pipelines to meet rising global demand for blockchain and Web3 skills, creating high-value employment prospects for Pakistani youth.”

Blockchain is a type of digital database that is shared, transparent and tamper-resistant. Instead of being stored on one computer, the data is kept on a distributed network of computers, making it very hard to alter or hack.

Web3 refers to the next generation of the Internet built using blockchain, focusing on giving users more control over their data, identity and digital assets rather than big tech companies controlling it.

Participants of the meeting also discussed sovereign debt tokenization, which is the process of converting a country’s debt such as government bonds, into digital tokens on a blockchain, the ministry said. 

Aurangzeb called for close coordination between the government, domestic banks and global exchanges to modernize Pakistan’s payment landscape.

Participants of the meeting also discussed considering a “time-bound amnesty” to encourage users to move assets onto regulated platforms, stressing the need for stronger verifications and a risk-mitigation system.

Pakistan has attempted in recent months to tap into the country’s growing crypto market, crack down on money laundering and terror financing, and promote responsible innovation — a move analysts say could bring an estimated $25 billion in virtual assets into the tax net.

In September, Islamabad invited international crypto exchanges and other VASPs to apply for licenses to operate in the country, a step aimed at formalizing and regulating its fast-growing digital market.