Pakistan, Bahrain Fast-Track GCC FTA, Boost Trade & Investment Cooperation

Pakistan and Bahrain have committed to fast-tracking the Pakistan-GCC Free Trade Agreement (FTA) and enhancing bilateral cooperation in trade, investment, energy, agriculture, IT, and labour. This understanding was reached during the third joint ministerial commission session, establishing a government-level joint working group on trade and investment. A separate energy working group will meet next month to discuss oil, gas, and minerals. This long-term economic cooperation could support Pakistan's balance of payments and foreign exchange reserves, indirectly influencing the stability of the Pakistani Rupee.

بحوالہ / Source: www.brecorder.com