Oman & Pakistan Keen to Strengthen Economic Relations

MUSCAT – Pakistan and Oman are working to deepen their economic collaboration, focusing on attracting investments, simplifying trade procedures, and expanding trade partnerships between their private sectors. This was discussed during a meeting between Pakistan’s Federal Minister of Commerce, Jam Kamal Khan, and Oman’s Minister of Commerce, Industry and Investment Promotion, Qais Mohammed Al Yousef.

The discussions emphasized leveraging promising sectors and creating a more business-friendly environment to boost trade exchanges. Both leaders stressed the importance of enhancing commercial partnerships, showcasing the robust economic ties shared by the two nations.

Trade figures indicate strong bilateral cooperation, with Omani exports to Pakistan reaching OMR 89 million and imports from Pakistan amounting to OMR 97.6 million as of December 2024. Key imports to Oman from Pakistan include rice, maize, and barium sulphate, while Oman’s exports to Pakistan feature polypropylene, polyethylene, aluminium, and lead.

These discussions aim to foster joint cooperation and serve the economic interests of both countries, further bolstering their long-standing trade relations.