Oman Explores Opportunities to Strengthen Trade Relations
Published on: December 3, 2023.
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Oman Consul General in Karachi, Engineer Sami Abdullah Salim Al Khanjari, expressed dissatisfaction with the limited trade between Pakistan and Oman. Despite their close proximity, trade between the two countries is not reaching its full potential.
Currently, Pakistan exports rice, mangoes, and potatoes to Oman. However, Engineer Al Khanjari highlighted that there is a significant opportunity for Pakistan to export other agricultural products like onions, chillies, carrots, lemons, and more. These products can be quickly transported to Oman in a fresh state. Unfortunately, Pakistan is not currently exporting these products, and Oman is importing them from distant countries such as China, Vietnam, Australia, New Zealand, Ethiopia, and Somalia.
During a meeting with the Karachi Chamber of Commerce and Industry (KCCI), the Consul General advised the business community to explore the export of more fruits, vegetables, and other agricultural products. This would help improve the existing bilateral trade volume between Pakistan and Oman.
Engineer Al Khanjari praised the quality of Pakistani rice, which is considered one of the best in the world. He emphasized the need to enhance its export further. Additionally, he mentioned the demand for both frozen and fresh meat from Pakistan.
The Consul General also discussed the potential for Pakistan’s textile and leather products, including garments, in the Omani market. He stated that these products have good potential but are not currently being exported to Oman. He urged for special attention to be given to these sectors.
In terms of investment opportunities, Engineer Al Khanjari highlighted that Oman has five ports, namely Salalah, Qalhat, Sohar, Duqm, and Sultan Qaboos. These ports are among the best in the Gulf region and have attracted substantial investments from countries such as China, Saudi Arabia, the UAE, India, and more. However, Pakistan has not made significant investments in Oman, despite its close proximity. The Consul General encouraged Pakistani investors to consider the opportunities available in Oman.
KCCI President Iftikhar Ahmed Sheikh expressed hope for the deepening of the bilateral relationship between Pakistan and Oman. He assured full support and cooperation in achieving the common objective of enhancing trade and investment ties.
Overall, there is a clear need for Pakistan to expand its exports to Oman beyond rice, mangoes, and potatoes. By exploring the export of other agricultural products, as well as textile and leather goods, Pakistan can strengthen its trade relationship with Oman and tap into the potential for increased investment.
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