Particle.news
Download on the App Store

Pakistan, Bahrain Set $1 Billion Trade Target as GCC FTA Nears and Joint Teams Form

New joint working groups will translate the visit’s pledges into a detailed roadmap for economic cooperation.

Overview

  • Deputy Prime Minister Ishaq Dar and Bahrain’s finance minister agreed to establish teams to draft a roadmap across finance, banking, commerce and the wider economy, with Bahrain offering fintech expertise and central bank linkages.
  • Leaders framed the near‑final Pakistan–GCC Free Trade Agreement as the main catalyst to lift bilateral commerce and broaden market access across Gulf states.
  • Defence and security ties were expanded to include training, cybersecurity, defence production and information sharing, with separate talks covering counter‑narcotics cooperation and law‑enforcement capacity building.
  • King Hamad conferred the Order of Bahrain (First Class) on Prime Minister Shehbaz Sharif, as both sides highlighted support for the Pakistani diaspora and noted $484 million in remittances last year.
  • Shehbaz invited Bahraini investment in sectors such as IT, food security, renewable energy, mining, healthcare and tourism, and proposed direct port links between Karachi or Gwadar and Khalifa Bin Salman Port.