Karachi: Pakistan and the Gulf Cooperation Council (GCC) inked a preliminary free trade agreement, underscoring the mutual commitment to fortify trade ties and economic collaboration. The historic accord, signed by the GCC Secretary General and Pakistan’s Minister of Commerce, signifies a pivotal moment in bilateral cooperation, aiming to boost prosperity and growth.
This development aligns with Pakistan’s efforts to showcase an improved business environment and attract foreign investment, particularly from Gulf countries. The recently established Special Investment Facilitation Council (SIFC) plays a key role, focusing on priority sectors like agriculture, mining, information technology, defense production, and energy.
The positive reception from international investors, particularly in the Middle East, is evident, with upcoming delegations expected to finalize agreements in various fields, including joint ventures in agriculture, information technology, mines, minerals, energy, and defense production.
