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Kuwait, Pakistan vow to boost bilateral cooperation

Other Kuwait City 21 Mar 21
Kuwait, Pakistan vow to boost bilateral cooperation
Kuwaiti Foreign Minister of Kuwait travelled to Pakistan to meet with Pakistan’s Foreign Minister. They discussed on enhancing relationship between the two countries.
Event Location
Kuwait, Kuwait
Kuwait City
Start Time
21 March 2021, 12:00 AM
End Time
31 March 2021, 12:00 AM

The Foreign Minister of Kuwait, Dr. Ahmed Al Sabah, travelled to Islamabad to meet with Pakistan’s Foreign Minister, Mahmood Qureshi, to discuss ways to boost relations between the two countries.

According to Pakistan’s foreign office, the two Foreign Ministers discussed during their meeting about the entire gamut of bilateral relations, including cooperation in political, economic, defence, trade and investment sectors, and manpower export, and discussed ways to enhance people-to-people linkages between the two countries.

Since 1960, Kuwait has invested vastly in Pakistan and collaborated with many companies in different industries.

Most recently, in 2019 the Kuwait Investment Authority (KIA) announced that they designed a three billion Kuwaiti dinars investment program for Pakistan.

While investment in infrastructure is a part of the trade agreement between both countries, oil imports make up 80 per cent of the total bilateral imports, according to the Pakistani paper the Tribune.

During their meeting, Quraeshi mentioned to Dr. Ahmed the economic potential of investing in the China Pakistan Economic Corridor (CPEC), a project that aims to connect the Chinese province of Xinjiang to the Pakistani port of Gwadar in the Balochistan province via pipelines, roads and railways.

The Kuwaiti foreign minister invited Prime Minister Imran Khan to visit Kuwait, which was accepted. The prime minister also conveyed that he looked forward to welcoming the Emir as well as the Prime Minister of Kuwait in Pakistan.

Kuwait business news 2021Kuwait Pakistan boost economic ties

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