GCC sees Pakistan as investment destination

ISLAMABAD: Kuwaiti Foreign Minister, Dr.Muhammad Sabah Al-Salem Al-Sabah has said that Gulf Cooperation Council (GCC) would like to see Pakistan as a destination for investment.

“We would like to see Pakistan not only as source of brilliant, industrious labour force in the GCC but also a destination for investment”, the Kuwaiti FM told a news channel Saturday.

He said the GCC is keen to start free trade with Pakistan and hoped the process would commence before the end of this year.

Pakistan is strategically located and can become a hub of regional as well as international trade. “We know that one who controls the Khyber Pass also controls quite a larger chunk of Asian continent”, he said adding Pakistan is that lucky country.

Similarly he said, Kuwait is also located at the Northern end of Gulf and the country is committed to develop itself as a major transportation, distribution and storage hub to service the Iraqis, Iranian and the Central Asian States.

He said the two geographies are very unique, very important and they can complement each other. Politically he said, Pakistan enjoys very strong ties with the Gulf nations particularly Kuwait.

He said Pakistan played a very good role when Kuwait was invaded by Iraq. To a question on Kashmir he said, “we think the sanctity of UNSC’s resolutions should be respected and observed by everybody.” To another question he said, sacking all the Bathists in Iraq was not a wise strategy on part of United States and they have now begun to realize their mistake.

Responding to another question he said, President General Pervez Musharraf’s idea of enlightened moderation needs serious efforts on part of OIC to translate it into reality. app

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