Pakistan seeks to expand trade with Oman in IT, energy, health sectors
Pakistan seeks to expand trade with Oman in IT, energy, health sectors/node/2610854/pakistan
Pakistan seeks to expand trade with Oman in IT, energy, health sectors
Oman’s Ambassador to Pakistan, Fahad Sulaiman Khalaf Al Kharusi (right), calls on Pakistan President Asif Ali Zardari in Islamabad, Pakistan, on August 6, 2025. (PPP/X)
ISLAMABAD: President Asif Ali Zardari has expressed Pakistan’s interest in expanding trade with Oman in the information technology, construction, health care, food security and energy sectors, state media reported on Wednesday.
Pakistan is actively working to deepen economic ties with Gulf nations and attract foreign investment across key sectors. With Oman positioned as a key regional player, the emphasis on expanding trade signals Islamabad’s intent to access new markets and build long-term economic collaboration.
Oman’s Ambassador to Pakistan, Fahad Sulaiman Khalaf Al Kharusi, met with Zardari to discuss ways to further strengthen bilateral cooperation, according to the Associated Press of Pakistan (APP).
“Pakistan is keen to increase bilateral trade and investment in areas such as information technology, construction, health care, food security and energy,” APP quoted Zardari as saying.
“He stressed that government-to-government engagement would encourage robust private-sector collaboration, thereby boosting trade and investment between the two nations.”
Zardari also urged Al Kharusi to enhance interaction at the leadership level to further strengthen the cordial ties between Pakistan and Oman, it added.
Foreign countries have been taking a strong interest across key sectors of Pakistan, with millions pledged for its growing IT industry and some energy investments mainly in renewables.
Pakistan is also engaging Gulf investors through platforms such as Arab Health 2025 to boost medical tourism and innovation.
In recent months, the country has witnessed a surge in high-level visits, investment discussions and economic engagement with Gulf and Middle Eastern nations.
Last August, Islamabad invited Oman to invest in Pakistan’s agriculture and mineral sectors through a Pakistani hybrid civil-military body aimed at attracting foreign investment.
ISLAMABAD: Pakistan and Türkiye’s navies concluded their first-ever bilateral amphibious exercise in the port city of Karachi, aimed at enhancing “maritime collaboration and interoperability,” state media reported on Wednesday.
A naval amphibious exercise is a military drill that simulates the landing of troops from ships onto a coastline, designed to strengthen coordination and combat readiness for assaults, evacuations or disaster response operations.
The exercise featured combat firing techniques, amphibious operation drills, convoy escorting drills along with military operations in urban terrain.
“Live firing drills and close combat scenarios designed to sharpen tactical coordination and readiness in littoral environments were also a part of the exercise,” the Associated Press of Pakistan (APP) said in its report.
“The exercise culminated with a comprehensive amphibious drill in the designated coastal area validating operational readiness of both navies.”
It added the bilateral exercise reflected the “deep-rooted” defense partnership between Pakistan and Türkiye, reaffirming their shared commitment to regional peace through regular joint training.
Pakistan Navy Chief Admiral Naveed Ashraf also visited to Türkiye recently, where he was conferred the prestigious Turkish military honor, the “Legion of Merit,” in recognition of his efforts to enhance maritime cooperation between the two countries.
Pakistan and Türkiye maintain strong diplomatic, economic and defense relations.
Turkish defense firms have played a significant role in modernizing Pakistan’s Agosta 90B-class submarines and have also supplied Islamabad with advanced military equipment including drones
The two nations regularly hold joint military drills to boost cooperation and synergy. The last exercise, Ataturk-XIII in February, brought together special forces for combat training to enhance interoperability.
ISLAMABAD: The government will establish Pakistan Mart, a commercial hub near Jebel Ali in the United Arab Emirates, to showcase made in Pakistan products to global buyers, the commerce ministry said on Wednesday, adding that DP World will build the facility at no construction cost to Pakistani stakeholders.
The development comes as Pakistan pushes for export-led growth after stabilizing its crisis-hit economy with assistance from the International Monetary Fund and financial support from friendly nations. The Gulf region, particularly the UAE, offers critical advantages such as proximity, low freight costs and established Pakistani trade networks, making it a natural launchpad for this initiative.
Pakistan Mart is expected to significantly support the exporters of the South Asian state by improving visibility, reducing logistical barriers and allowing direct market access in the region. The mart will also facilitate digital trade and is aimed at helping sectors like textiles, garments, surgical instruments, food, perishables and nutraceuticals.
“When this facility will be established, more than 500 Pakistani retailers, shopkeepers and those who are going to use the warehousing facility will get a window, a platform,” Commerce Minister Jam Kamal Khan said.
“They will showcase their products for Dubai market, UAE market and Gulf market. They will be able to export their products in other regions as well.”
“The good thing about this project is that unless you sell the product, there will be no tax or fees imposed on you,” he continued, adding “there is a minimum rental for it.”
According to the statement issued by the ministry, the project was presented to the commerce minister by a delegation comprising officials from Pakistan’s National Logistics Cell (NLC) and DP World, led by NLC’s director general.
Kamal described the project as “transformational” for Pakistani trade and directed all relevant agencies, including the Trade Development Authority of Pakistan (TDAP), to urgently coordinate with stakeholders and facilitate export-ready enterprises for tenancy at the new facility.
The delegation urged the ministry to take a lead role in tenant selection, awareness campaigns and ensuring that exporters are equipped to capitalize on the opportunity.
Pakistan Mart is expected to become a strategic platform for export diversification and economic diplomacy, reinforcing Pakistan’s presence in key international markets.
It is also expected to attract more Africans buyers to the Pakistani products.
KARACHI: Pakistan’s leading real estate company will challenge a court ruling clearing the way for the auction of six of its properties, its lawyer said on Wednesday, as the country’s anti-graft body pushes ahead with a high-profile crackdown involving one of the nation’s most powerful business tycoons.
The Islamabad High Court dismissed a petition by Bahria Town a day earlier against the planned auction of its properties by the National Accountability Bureau (NAB). Shortly after the court issued its short order, NAB announced the auction would proceed as planned on August 7 at its Islamabad office.
“We are going to challenge the decision in the Supreme Court today,” Farooq H. Naik, counsel for Bahria Town, told Arab News.
The six properties up for auction include one in Islamabad and five in Rawalpindi. NAB said the sale aims to recover unpaid amounts from a settlement deal linked to the £190 million case involving Malik Riaz Hussain, the founder of Bahria Town.
Hussain has spoken publicly for months about being pressured due to “political motives” and facing financial losses as NAB opens cases against his property development projects across Pakistan.
This file photo, taken on January 10, 2025, shows Pakistan's real estate tycoon Malik Riaz Hussain. (Photo courtesy: Malik Riaz/ Facebook/File)
While he has not explicitly named who was pressuring him or why, media and analysts widely speculate the crackdown relates to the Al-Qadir Trust case, which involves accusations Khan and his wife, during his premiership from 2018-2022, were given land by Hussain as a bribe in exchange for illegal favors.
In January, a court sentenced Khan to 14 years imprisonment in the Al-Qadir Trust case.
In 2019, Britain’s National Crime Agency (NCA) said Hussain had agreed to hand over £190 million held in Britain to settle a UK investigation into whether the money was from the proceeds of crime.
The agency said the assets would be passed to the government of Pakistan and the settlement with Hussain was “a civil matter, and does not represent a finding of guilt.”
The case made against Hussain and ex-PM Khan was that instead of putting the tycoon’s settlement money in Pakistan’s treasury, Khan’s government used the money to pay fines levied by a court against Hussain for illegal acquisition of government lands at below-market value for development in Karachi.
Hussain, who hasn’t appeared before an anti-graft agency to submit his reply to summons issued to him, has denied any wrongdoing. Khan and his wife have also pleaded innocence.
During Tuesday’s court proceedings, according to Dawn newspaper, Naik argued the auction notice was “illegal, deceptive and issued with mala fide intent,” saying Bahria Town was neither part of any plea bargain nor named as an accused in any reference relating to the UK-originated case.
He warned the move could severely damage investor confidence in Pakistan’s real estate sector.
However, NAB prosecutor Rafay Maqsood told the court Bahria Town’s legal team had previously lost a similar case in a lower court before approaching the high court, which granted a temporary stay on June 12, the day the auction was originally scheduled. NAB later moved to have the stay vacated.
The development marks another escalation in the legal troubles facing Hussain, widely regarded for years as Pakistan’s most influential businessman, known for close ties with political, media and military elites.
On Tuesday, Hussain said in a statement on social media platform X his property empire was on the brink of collapse due to what he termed a politically motivated crackdown. He claimed Bahria Town’s bank accounts had been frozen, vehicles seized and dozens of employees arrested, forcing a near shutdown of operations.
“The situation has reached a point where we are being forced to completely shut down all Bahria Town activities across Pakistan,” Hussain said. “We apologize to the residents and stakeholders of Bahria Town.”
Earlier this year in January, NAB put out a public notice cautioning people against investing in Hussain’s new real estate venture to build luxury apartments in Dubai:
“If the general public at large invests in the stated project, their actions would be tantamount to money laundering, for which they may face criminal and legal proceedings.”
In his X post on Tuesday, Hussain appealed to state institutions to adopt a more conciliatory approach.
“I make a final appeal from the bottom of my heart for a chance to return to serious dialogue and a dignified resolution. For this purpose, we assure you of our full participation in any arbitration process and our commitment to implementing its decision 100 percent. I also assure you that if the arbitration decision requires payment of money from our side, we will ensure its payment.”
Bahria Town, founded in the late 1990s, is one of Pakistan’s largest private employers and a major developer of luxury housing schemes across the country. Over the years, the company has been the subject of multiple investigations over illegal land acquisitions and unauthorized development but has continued to operate.
ISLAMABAD: Islamabad and Beijing will co-host the Pakistan-China Business Conference next month aimed at boosting bilateral trade and investment across sectors including electric vehicles (EVs), solar energy, chemicals, and agriculture, state-run APP reported on Wednesday, as Islamabad pushes to deepen industrial cooperation under its long-standing economic partnership with Beijing.
The forum, scheduled for September 4 in China, is expected to draw participation from more than 250 companies from Pakistan and over 200 from China, with government officials touting it as a platform for sectoral matchmaking and investment mobilization.
“There will be industry matchmaking across sectors such as electric vehicles, solar energy, chemicals, and agriculture,” state news agency APP reported, quoting Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal Chaudhary as saying at a press conference in Beijing this week.
Iqbal emphasized the strategic role of electric vehicles in the future of Pakistan-China economic cooperation, noting the opportunities they offer for industrial development and sustainable energy transition.
“EVs have become a very important segment,” Iqbal said. “We want to benefit from China’s technological advancements, including the development of next-generation batteries such as sodium-ion batteries, which offer advantages over traditional lithium technology.”
The minister said Pakistan’s newly approved National Electric Vehicle Policy 2025–2030, which mandates that 30 percent of new vehicle sales be electric by 2030 and aims for net-zero transport by 2060, offers generous incentives for local and foreign investors. These include tax reductions, subsidies, support for charging infrastructure, and an emphasis on local manufacturing.
“Establishing EV manufacturing in Pakistan offers cost advantages for Chinese companies and will help Pakistan reduce dependence on fossil fuels,” Iqbal added. “We welcome Chinese investment in localized EV production. It’s a strategic step toward energy efficiency, job creation, and sustainable development.”
Chinese automakers, including BYD and Chery, are already active in Pakistan’s EV sector through vehicle assembly, charging infrastructure development, and partnerships aimed at positioning Pakistan as a regional EV production hub.
Pakistan and China are strategic economic partners, primarily linked through the China-Pakistan Economic Corridor (CPEC), a flagship project under Beijing’s Belt and Road Initiative (BRI). Launched in 2015, CPEC has driven major infrastructure investment in Pakistan, including power plants, motorways, and the development of the Gwadar deep-sea port.
While the first phase of CPEC focused on large-scale infrastructure, the current second phase aims to enhance industrial cooperation, agriculture modernization and technology transfer.
The upcoming September conference is being positioned as a key initiative within this broader CPEC framework, reinforcing Islamabad’s efforts to attract green technology and innovation-focused investments from China.
ISLAMABAD: A team of Pakistani students has secured four medals at the 2nd International Nuclear Science Olympiad (INSO-2025), marking a significant achievement for the country in global science education, the Associated Press of Pakistan (APP) reported on Wednesday.
Held in Malaysia from July 30 to August 5 under the auspices of the International Atomic Energy Agency (IAEA), the competition brought together young science talents from 19 countries, including China, Japan, Singapore, Turkiye, Indonesia, and ֱ.
The Pakistani team was trained by top faculty from the Pakistan Institute of Engineering and Applied Sciences (PIEAS), one of the country’s premier institutions for nuclear and engineering education.
“Pakistani students secured one Gold, one Silver, and two Bronze medals at the 2nd International Nuclear Science Olympiad (INSO-2025), held in Malaysia from July 30 to August 5,” APP reported.
The team’s standout performers included Muhammad Tayyab Bukhari from Beaconhouse School Abbottabad, who won the gold medal, and Ammar Asad Warraich from Siddique Public School Islamabad, who claimed silver. Two other members, Rawah Javed and Tatheer Aima Naqvi, students of Siddique Public School Islamabad and Chenab College Jhang, respectively, earned bronze medals.
The team was led by Dr. Sajjad Tahir of PIEAS and Dr. Muhammad Maqsood from the Directorate of Education at the Pakistan Atomic Energy Commission (PAEC), who “played an instrumental role in preparing the students for the competition,” APP reported.
Organizers described the Olympiad as a platform to promote excellence in nuclear science and foster international collaboration among future scientists.
“This achievement underscores Pakistan’s growing prominence in the field of nuclear science and technology education,” the APP report said.
The Pakistan Atomic Energy Commission, which operates under the umbrella of Pakistan’s strategic nuclear and civil energy programs, has invested heavily in science outreach programs. It continues “to provide young students with the platforms and mentorship needed to excel internationally, not just in nuclear research, but also in its applications across agriculture, medicine, industry, and education,” APP said.
