GCC, Pakistan comply with strengthen financial ties

GCC, Pakistan agree to strengthen economic ties

GCC Secretary-Normal Dr Nayef Falah Mubarak Hajraf with Pakistan’s Overseas Minister Shah Mahmood Qureshi in Islamabad..
Picture Credit score: Provided

Islamabad: Pakistan and the Gulf Cooperation Council (GCC) agreed to develop financial ties and strengthen cooperation in areas of mutual curiosity.

Dr Nayef Falah Mubarak Hajraf, Secretary-Normal of the Gulf Cooperation Council careworn the significance of strengthening shut relations between GCC and Pakistan. Dr Nayef, who’s in Islamabad to attend the OIC particular session on Afghanistan, additionally urged to accentuate cooperation with Pakistan in areas of mutual curiosity.

GCC Secretary-Normal met with Pakistan’s Overseas Minister Shah Mahmood Qureshi on the sidelines of the OIC summit on December 18 and mentioned the Afghanistan scenario and particularly Pakistan-GCC cooperation.

“Pakistan is a strategic and vital buying and selling companion for the Gulf Cooperation Council,” famous GCC Secretary-Normal. He added that it’s the most opportune time for the 2 sides “to maneuver the partnership to broader and extra complete ranges” that might set up a brand new part that serves widespread pursuits and permits the Gulf and Pakistani personal sectors to grab the alternatives within the post-coronavirus period.

Throughout the talks session, the GGC Secretary-Normal and Pakistani international minister additionally reviewed the prospects of free commerce negotiations between the 2 sides and careworn the necessity to transfer ahead to enhance financial ties.

FM Qureshi lauded the historic and strong relations between the GCC international locations. Each officers expressed their need to additional strengthen cooperation to maneuver in the direction of “complete partnership, with a renewed give attention to the promotion of bilateral commerce and enterprise relations.” In addition they agreed to cooperate carefully to conclude Pakistan-GCC Free Commerce Settlement on the earliest.

Relations between the GCC international locations and Pakistan have all the time been a mannequin for relations based mostly on mutual respect, stated the GCC Secretary-Normal, urging for additional coordination to enhance ties within the fields of funding and financial system.

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