Pakistan, Bahrain seek deeper trade and security ties as President Zardari receives top award

President of Pakistan, Asif Ali Zardari (center) receiving Sheikh Isa Order from Bahrain's King Hamad bin Isa Al Khalifa (right) in Bahrain on January 14, 2026. (PID)
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Updated 14 January 2026
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Pakistan, Bahrain seek deeper trade and security ties as President Zardari receives top award

  • Bahraini king confers Sheikh Isa Order on Pakistan’s president during Manama visit
  • Leaders discuss expanding trade, investment and long-standing defense cooperation

KARACHI: Pakistan and Bahrain on Wednesday agreed to deepen cooperation in trade, investment and security during talks between President Asif Ali Zardari and King Hamad bin Isa Al Khalifa, as the Bahraini monarch conferred the kingdom’s highest civilian award on the Pakistani leader, the President’s Secretariat said.

Pakistan and Bahrain maintain close diplomatic, defense and labor ties, with cooperation spanning security, trade and manpower. More than 116,000 Pakistanis live and work in Bahrain, forming one of the largest South Asian expatriate communities in the kingdom. Remittances from Gulf states, including Bahrain, remain a key source of foreign exchange for Pakistan.

Trade between the two countries remains modest but has been growing, with Pakistan exporting rice, textiles, meat and agricultural products to Bahrain, while importing aluminum products and petrochemical-related goods. Islamabad has been seeking to attract Bahraini investment into priority sectors amid broader Gulf outreach.

“President Asif Ali Zardari met His Majesty King Hamad bin Isa Al Khalifa and held comprehensive discussions aimed at further strengthening the close and fraternal relationship between Pakistan and the Kingdom of Bahrain,” the President’s Secretariat said in a statement after the meeting in Manama.

“The President emphasized Pakistan’s desire to translate strong political relations into increased trade and deeper investment linkages,” the statement said, adding that he invited Bahraini investors to explore opportunities in agriculture and food security, IT and digital services, health care, tourism and infrastructure.

“The President also highlighted the long-standing defense and security cooperation between the two countries, describing it as a pillar of the bilateral relationship,” the statement said.

Zardari paid tribute to the Pakistani community in Bahrain, calling them “a vital bridge between the two nations,” and thanked the Bahraini leadership for the support extended to Pakistani workers, according to the statement.

Both leaders reaffirmed their commitment to peace, stability and multilateralism and underscored the importance of dialogue and diplomacy in addressing regional challenges, the statement added.

During the visit, King Hamad conferred upon Zardari the Order of Shaikh Isa Bin Salman Al Khalifa First Class, the highest award of the Kingdom of Bahrain, “in recognition of his services and contribution to strengthening Pakistan–Bahrain relations,” the statement said.
 


Pakistan forms committee to negotiate financial advisory services for Islamabad airport privatization

Updated 18 February 2026
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Pakistan forms committee to negotiate financial advisory services for Islamabad airport privatization

  • Committee to engage Asian Development Bank to negotiate terms of financial advisory services agreement, says privatization ministry
  • Inaugurated in 2018, Islamabad airport has faced criticism over construction delays, poor facilities and operational inefficiencies

ISLAMABAD: Pakistan’s Privatization Ministry announced on Wednesday that it has formed a committee to engage the Asian Development Bank (ADB) to negotiate a potential financial advisory services agreement for the privatization of Islamabad International Airport.

The Islamabad International Airport, inaugurated in 2018 at a cost of over $1 billion, has faced criticism over construction delays, poor facilities, and operational inefficiencies.

The Negotiation Committee formed by the Privatization Commission will engage with the ADB to negotiate the terms of a potential Financial Advisory Services Agreement (FASA) for the airport’s privatization, the ministry said. 

“The Negotiation Committee has been mandated to undertake negotiations and submit its recommendations to the Board for consideration and approval, in line with the applicable regulatory framework,” the Privatization Ministry said in a statement. 

The ministry said Islamabad airport operations will be outsourced under a concession model through an open and competitive process to enhance its operational efficiency and improve service delivery standards. 

Pakistan has recently sought to privatize or outsource management of several state-run enterprises under conditions agreed with the International Monetary Fund (IMF) as part of a $7 billion bailout approved in September last year.

Islamabad hopes outsourcing airport operations will bring operational expertise, enhance passenger experience and restore confidence in the aviation sector.

In December 2025, Pakistan’s government successfully privatized its national flag carrier Pakistan International Airlines (PIA), selling 75 percent of its stakes to a consortium led by the Arif Habib Group. 

The group secured a 75 percent stake in the PIA for Rs135 billion ($482 million) after several rounds of bidding, valuing the airline at Rs180 billion ($643 million).

Pakistan’s Finance Minister Muhammad Aurangzeb said this week the government has handed over 26 state-owned enterprises to the Privatization Commission.