Omani Consul General Boosts Oman-Pakistan Trade Relations

The trade relationship between Oman and Pakistan has been reinforced, with a focus on enhancing bilateral trade in agricultural products and other goods. The Consul General of the Sultanate of Oman, Eng. Sami Abdullah Al Khanjari, highlighted the significance of Pakistan as a key supplier of rice to Oman, accounting for 60% of Oman's rice imports. Recognizing the superior quality of Pakistani rice, Oman is keen on increasing imports and exploring opportunities to export items like onions, potatoes, lentils, and mangoes from Karachi to Oman.

During a visit to the Karachi Chamber of Commerce & Industry, the Omani delegation, accompanied by officials from the Ministry of Agriculture, Fisheries, and Water Resources, discussed the potential for expanding trade cooperation. The Consul General commended Pakistan for its longstanding tradition of exporting high-quality rice and expressed interest in diversifying trade by introducing products such as sugar, textiles, towels, and other commodities to the Omani market.

Emphasizing the need for closer collaboration between businesses in Oman and Pakistan, the Consul General proposed regular expos to foster mutual understanding and boost trade opportunities. The Omani officials extended an invitation to Karachi's business community to explore trade prospects in Oman and African nations, underscoring the importance of sustained engagement to drive exports.

President KCCI Iftikhar Ahmed Sheikh highlighted the deep-rooted cultural and economic ties between Pakistan and Oman, stressing the significance of expanding bilateral trade volume. He suggested measures to overcome trade barriers, enhance product diversity, streamline customs procedures, support small and medium enterprises (SMEs), and foster business partnerships to stimulate economic growth.

Sheikh also identified opportunities for collaboration in the energy sector, proposing the import of liquefied natural gas (LNG) and petroleum products from Oman to address Pakistan's energy needs. He pointed out the potential for Omani investments in Pakistan's Coastal Ecosystem and Special Economic Zones, particularly in Karachi and Gwadar, aligning with the China-Pakistan Economic Corridor (CPEC) initiative.

The discussions between Oman and Pakistan signal a promising future for bilateral trade relations, with a focus on diversifying product offerings, enhancing cooperation in various sectors, and fostering economic growth for both nations.