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First Pakistan-Oman Business Forum strengthen trade ties

13 Oct 2024 First Pakistan-Oman Business Forum strengthen trade ties By OUR CORRESPONDENT

Muscat – The inaugural edition of the Pakistan-Oman Business Forum commenced at the InterCity Hotel on Sunday, featuring over 65 exhibitors.

Organised by the Embassy of Pakistan in Oman, the two-day event attracted community members and dignitaries, who joined gala event to showcase a variety of products from Pakistan, including paint, juice, cotton textiles and bed linens.

Giving some information about the forum, H E Imran Ali, Ambassador of Pakistan to Oman, said that the forum is focused on strengthening bilateral cooperation in key sectors such as commerce, health, and entrepreneurship. “The participation of numerous business leaders and officials raised expectations for potential joint projects and investment ventures between Oman and Pakistan.”

A key presentation was delivered by the Public Authority for Special Economic Zones and Free Zones (OPAZ), which outlined various investment opportunities and incentives available to foreign investors in Oman’s special economic zones.

The presentation highlighted the advantages of establishing businesses in these zones, positioning Oman as an attractive hub for foreign direct investment. The forum also delved into opportunities within Pakistan, featuring a panel discussion that provided insights into the legal frameworks supporting investment in both countries.

An exhibition showcased a range of Pakistani products, including textiles, food items, and industrial goods.

Faisal Abdullah al Rawas, Chairman of the Oman Chamber of Commerce and Industry (OCCI), emphasised the significance of enhancing commercial exchange and investments between Oman and Pakistan. “Joint projects and increased trade between our two nations will contribute significantly to economic diversification,” he stated.

Mohammed Shoaib, Marketing Manager of Shahabi Trading, expressed optimism regarding future trade. “We hope Pakistan will improve its export of food grains to Oman, and we thank the embassy for organising this event. This forum and exhibition reflect the growing trade relationship between Oman and Pakistan, fostering stronger business ties for the future.”

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