Oman,
Pakistan Review Means of Attracting Investments

Muscat, 12
Mar (ONA) — Qais Mohammed Al Yousef, Minister of Commerce, Industry and
Investment Promotion received today Jam Kamal Khan, Federal Minister of
Commerce of the Islamic Republic of Pakistan, who is currently visiting the
Sultanate of Oman.

During the
meeting, the two sides discussed means of strengthening economic relations.
They also explored cooperation opportunities in various sectors, such as food
security, mining, medical supplies, and pharmaceuticals.

The meeting
touched on promoting promising sectors, improving the business environment,
attracting investments, simplifying trade procedures and boosting trade
exchange.

Al Yousef underscored the strength of economic
ties between the Sultanate of Oman and the Islamic Republic of Pakistan. He
also stressed the importance of expanding trade and investment cooperation, and
enhancing commercial partnerships between private sector institutions and
companies in both countries.

Statistics issued
by the National Centre for Statistics and Information (NCSI) show that the
trade balance between Oman and Pakistan as of December 2024 is in the favor of
Pakistan. Omani exports to Pakistan reached nearly RO 89 million, while Omani
imports from Pakistan amounted to RO 97.6 million.

The most prominent
goods imported from Pakistan to Oman are rice, maize and barium sulphate, while
goods exported from Oman to Pakistan include polypropylene, polyethylene,
aluminum, and lead.

These
meetings come within the framework of bolstering economic and trade relations
between the two countries, and working to expand the areas of joint cooperation
to serve the economic interests of the two sides.

—Ends/Thuraiya/AG