Pakistan invites Kuwait to explore investment opportunities under CPEC

ISLAMABAD: Pakistan and Kuwait have agreed to boost economic ties in key areas, particularly in the energy and trade sectors, ARY News reported.

The agreement came on Tuesday during a meeting between Minister for Planning, Development and Special Initiatives Ahsan Iqbal and Minister for Finance of Kuwait Abdul Wahab Al-Rasheed.

During the meeting, Ahsan Iqbal said that both countries have a strong relationship and they have agreed to enhance economic cooperation in areas of interest which include trade and investment, particularly in the energy sector.

They also discussed enhancing access to the Kuwaiti market for Pakistani products as well as labour force.

During the meeting, opportunities offered by China-Pakistan Economic Corridor (CPEC) also came under discussion, particularly Pakistan’s success in turning around the energy sector during the last decade.

Kuwait’s Minister for Finance Abdul Wahab Al-Rasheed appreciated the role of Pakistani workers in the development of Kuwait and appreciated the strong cultural, religious and economic ties between both nations.

He agreed that there is a lot of room for expanding the economic cooperation between both countries and proposed to follow-up meetings to implement the ideas which were discussed during the meeting.

It is hoped that the meeting will help in expanding the ambit of Pak-Kuwait relations by tapping the potential that both markets have presented.