PAKISTAN, BAHRAIN DECIDE TO FORM JOINT INVESTMENT COMPANY

PAKISTAN and Bahrain have agreed to enhance economic cooperation at a conference in Manama. In order to further enhance cooperation, the two countries have decided to establish the PakistanBahrain Investment Company.

In addition, two MoUs were signed during the event. One MoU was signed between the Punjab Board of Investment and Trade (PBIT) and the Bahrain Economic Development Board, under which both parties would work closely to enhance economic cooperation.

Another MOU was signed between the Federation of Pakistan Chambers of Commerce and Industry 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 in Manama 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.

The Bahraini company Albakara expressed interest in Punjab’s growing meat market during the event, while many other investors were keen to explore opportunities in Punjab’s agriculture and livestock sectors.

Speaking on the occasion, CEO PBIT informed investors regarding Pakistan’s economic turnaround and the role played by Chief Minister Punjab in promoting a positive investment climate in the country’s largest province. She pledged that PBIT would continue to facilitate investors using every resource at its disposal.

Pakistan Federal Minister Khurram Dastgir Khan was also present on the occasion. He expressed his appreciation to the conference organizers for a thoughtful initiative and praised the strong relations between Pakistan and Bahrain.