Cabinet approves negotiations on bilateral investment agreement with Kuwait
15 February 2006
ISLAMABAD, Feb 15 (KUNA) — Pakistani Prime Minister Shaukat Aziz Wednesday approved negotiations on bilateral investment agreement between the governments of Pakistan and Kuwait. The approval came in a meeting of the Cabinet about a month after the Pakistan-Kuwait Investment Company (PKIC) expressed keen interest in developing various kinds of state-run infrastructural facilities, including new Islamabad airport and Karachi Trust Port (KPT).
A three-member delegation of the PKIC, led by its chairman Al-Marri Nasir, met with President General Pervez Musharraf last month and expressed interest in the enhancement of bilateral investment.
Musharraf welcomed the interest saying Pakistan will facilitate investment in various kinds of infrastructural projects by Kuwaiti entrepreneurs and saw a vast potential for enhancement of commerce and investment relations between the two countries.