Muscat (TDI): A high-level meeting between Federal Minister for Commerce, Jam Kamal Khan, and Oman’s Minister for Commerce, Industry and Investment Promotion, Qais Al Yousif, was held in Muscat to explore avenues for enhancing bilateral trade, strengthening investment ties, and promoting regional connectivity.
During the meeting, Jam Kamal Khan stressed Pakistan’s industrial expertise and commercial strength, stating, “Oman can benefit from Pakistan’s expertise, knowledge, and industrial and commercial prowess to achieve the economic diversification goals set under Vision 2040 of the Sultanate.”
He reiterated Islamabad’s commitment to fostering deeper economic collaboration with Oman.
Qais Al Yousif acknowledged Pakistan’s strategic importance in regional trade, underlining that “historical relations and geographical proximity render Pakistan the most effective trade route to the Central Asian Republics”.
He expressed Oman’s interest in strengthening its economic cooperation with Pakistan and expanding trade and investment opportunities in major sectors.
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Both sides discussed strategies to increase bilateral trade and investment, agreeing on the need to improve direct transportation linkages and utilize Pakistan as a trade route to CARs.
The Pakistani delegation underlined the potential of Gwadar and Karachi ports as vital hubs for regional trade, offering Oman greater access to new markets.
The meeting also focused on sector-specific collaboration in textiles, small and medium enterprises (SMEs), agriculture, food security, and manufacturing.
Both ministers stressed the significance of industrial cooperation, joint ventures, and agricultural trade to ensure a sustainable supply chain.
Pakistan also invited Oman to explore increased investment in its industrial and manufacturing sectors.
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Jam Kamal Khan expressed his gratitude to Qais Al Yousif for the warm welcome and hospitality, lauding Oman’s commitment to enhancing bilateral ties.
Both ministers reaffirmed their dedication to working together on major economic initiatives, strengthening trade, and strengthening investment relations.
The meeting concluded with a shared vision to further enhance economic collaboration and explore new opportunities for mutual development.
