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Pakistan, Kuwait pledge to strengthen economic, energy cooperation
Pakistan and Kuwait have agreed to further strengthen their long-standing ties by expanding investment and economic cooperation in several sectors.
During the meeting between Prime Minister Shebaz Sharif and his Kuwaiti counterpart, the two leaders expressed their commitment to take the long-standing friendly relations between the two countries to new heights.
Separately, Pakistan State Oil (PSO) and Kuwait Petroleum Corporation (KPC) have decided to expand their 50-year-old partnership in the energy sector.
Under the agreement, the two entities will explore new opportunities in fuel supplies, refining and investment to support the development of Pakistan’s energy sector. They also promised to further promote mutual cooperation in this field.
The development is seen as a major step towards attracting investment in Pakistan’s energy, storage and infrastructure sectors.
The expanded economic partnership is expected to create new investment opportunities in Pakistan and further strengthen trade and economic relations between the two countries.