ISLAMABAD: The two-day Pakistan-Kuwait Joint Ministerial Commission meeting on Friday concluded with a resolve to facilitate frequent and unhindered movement of the business community and labor force for economic development of both the countries.
Finance Minister Asad Umar and Minister of Commerce and Industry of the State of Kuwait, Khaled Nasser Abdullah Al-Roudan co-chaired the meeting.
There was also a general consensus to further strengthen the bilateral relations between the two countries especially in the field of science, technology, business and finance and another potential sector of the economy.
Pakistan emphasized the need for utilizing the highly capable human resource of the country that can contribute to the growth and development of Kuwait.
Pakistan also expressed its desire to benefit from the extensive experience of Kuwait in the field of oil and gas exploration.
Both sides agreed that the fifth meeting of Pakistan-Kuwait Joint Ministerial Commission will be held in Kuwait in 2020. Earlier, at the plenary session both co-chairs, highlighted the significance of Pak-Kuwait cordial political and economic relations.
Finance Minister Asad Umar expressed Pakistan’s desire to enhance economic and commercial cooperation with Kuwait for the mutual benefit of both the countries and invited Kuwaiti businessmen to invest in agriculture farmland, milk, and food processing plants.
They asked the Kuwaiti businessmen for exploring the opportunities in the export of agricultural commodities of desired quality to Kuwait and other countries.
He said that Kuwaiti investors may avail investment opportunities in Special Economic Zones of Pakistan in areas like automotive, food processing and textile as well as in oil and gas exploration.
Addressing the meeting Kuwaiti Commerce Minister said that economic relations between the two countries would be further strengthened for the mutual benefits of both countries and their people.
The Kuwaiti delegation also separately called on Finance Minister Asad Umar and had a discussion on the avenues that could be explored for strengthening bilateral economic ties between the two brotherly countries.