Pakistan, Bahrain to enhance trade relations
Pakistan and Bahrain have agreed to enhance economic relations at a conference in Manama. To further enhance cooperation, the two countries have decided to establish the Pakistan-Bahrain Investment Company. A spokesperson for the Punjab Board of Investment and Trade (PBIT) said two memoranda of understanding (MoUs) were signed during the event.
An MoU was signed between PBIT and the Bahrain Economic Development Board, under which the two parties will work closely to enhance economic cooperation. Another MoU was signed between the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and the Bahrain Chamber of Commerce for the same purpose. During the conference, Pakistan and Bahrain also agreed to establish display centre of Pakistani goods in Bahrain. The conference was organised to enhance bilateral trade and economic relations.
During the event, PBIT explored collaborations with businesses and investors from various countries, including Bahrain, Qatar, Saudi Arabia and the UAE. A Bahraini company, Albakara, expressed interest in Punjab’s growing meat market, while many other investors were keen to explore opportunities in Punjab’s agriculture and livestock sectors.