Islamabad: Pakistan and Bahrain on Wednesday (July 28) agreed to expand business-to-business (B2B) interactions between the two countries in order to develop commerce and promote trade relations, news sources reported.
Trade Development Authority of Pakistan (TDAP) and the Bahrain Tourism and Exhibition Authority will be working on a Memorandum of Understanding (MoU) for this purpose.
The announcement was made during the second meeting of the Bahrain-Pakistan Joint Ministerial Commission (JMC) held during Foreign Minister Shah Mahmood Qureshi’s visit to Bahrain. The said JMC was established in 2014, and the first meeting of the commission took place in 2017. Both sides also agreed to hold expert-level meetings to promote cooperation in the fields of interest.
Furthermore, both countries committed to cooperate in trade-related activities involving sectors like politics, economy, commerce, finance & banking, industry, public health, overseas employment, higher education, research & technology, information, culture & arts, agricultural & livestock, and technical disciplines. Moreover, both countries agreed to conduct the third Joint Ministerial Commission (JMC) meeting in Islamabad in 2022.
In another related development, a Memorandum of Understanding (MOU) was signed between the Bahrain Development Board (EDB) and the Pakistan Board of Investment to encourage bilateral investment between the two friendly countries