Dinner Hosted By Khwaja Alqama : Pakistan, Yemen agree to boost trade

January 28, 2011

Monday, January 03, 2011

The Ambassador of Pakistan Dr Syed Khawaja Alqama hosted a dinner reception in honor of the visiting Pakistani delegation, attended by Minister of Education, Minister of Industries & Trade and leading businessmen, Tarek A Hayel Saeed, United Insurance, Ahmed H Shumailah, Chairman Shumailah Group, Monnwar Al-Fakhri, Al Fakhri Oil Services, Omar M Omar, MD Universal Group.
Dr Mirza Ikhtiar Baig, Hon Consul General of Yemen in Sindh and Adviser to Prime Minister on Textile, attended the 6th Session of Pak-Yemen Joint Ministerial Commission meeting in Sana’a on Dec 28-29, 2010.

The Pakistan delegation was represented by Mir Hazar Khan Bijarani, Minister for Industries and Production, Dr Ikhtiar Baig and Sohail Rehan, Joint Secretary Economic Affairs Division, says a press release.

Both sides agreed to increase the present level of trade of $170 million, particularly in the field of pharmaceutical, oil, gas, rice, foodstuff, electric fans and footwear.

The private sector of Pakistan has proposed an investment of about $100 million in LPG Extraction Gas project in Yemen to export LPG to Pakistan. A four member technical committee has been constituted, headed by Dr Mirza Ikhtiar Baig and representative from Ministry of Oil and Minerals, Yemen. Both sides agreed to establish the Pak-Yemen Investment Company for the promotion of investment.

The Yemeni Minister of Industry and Trade, Yahya Y Al-Mutawakel, and Pakistani counter part Mir Hazar Khan Bijarani have agreed to negotiate a Free Trade Agreement (FTA) between the two countries.

Dr Ikhtiar Baig also took up the matter of holding the meeting of Pak-Yemen Joint Business Council of Federation of Chambers, established in 2006 as per an agreement signed by Dr Baig and his Yemeni counterpart. It was also decided to promote cooperation in the field of healthcare, agriculture, fisheries, education, technical training, industrial and infrastructure.

During the visit, the delegation had meetings with Prime Minister of Yemen Dr Ali Mohammad Mujawar, Foreign Minister Dr Abu Bakr Abdullah Al-Qirbi, Deputy Minister of Oil Eng Abdulmalik M Alama.

The foreign minister of Yemen appreciated the efforts of Dr Mirza Ikhtiar Baig for promotion of bilateral trade and investment between the two countries.

Dr Ikhtiar Baig invited Yemeni businessmen to attend the Expo Pakistan to be held in Karachi in February 2011. The next Pak-Yemen JMC will be held next year in Islamabad.

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