LAHORE - Chief Minister Shahbaz Sharif has said that Pakistan and Oman have deep friendly ties which will further strengthen with the passage of time.

He asked the Oman investors to extend further economic cooperation as according to him, vast prospects of investment lies in industry, livestock, energy, agriculture, information technology and other sectors existed in Punjab.

The CM said this while talking to Ambassador of Oman to Pakistan Mohamed Bin Said Bin Mohamed Al-Lawati, here Saturday.  Commercial Attache of Oman Abdul Ghani and Vice Chairman Punjab Board of Investment and Trade (PBIT) Dr Miftah Ismail were also present on this occasion.

The CM said that a large number of expatriate Pakistanis in Oman are playing a vital role in the development of Sultanate of Oman. He said that friendly relations between Pakistan and Oman have been further promoted in recent years. He said that a joint business council of Chambers of Commerce of Pakistan and Oman has also been set up to further enhance trade and economic relations between both the countries. Shahbaz said that there is a very conducive environment for foreign investment in Punjab province and the investment made here is completely safe and profitable. He said that Punjab government has provided all facilities under one roof through PBIT for facilitating foreign investors. He said that increase in economic activities and investment in various sectors is being especially encouraged. He asked investors and business institutions of Oman to take benefit from the conducive atmosphere available in Punjab.

Shahbaz Sharif said that Muslim countries have taken active part in rehabilitation of affected families during floods He said that the cooperation extended by Oman and other Islamic countries in setting up model villages and assistance of flood affectees is commendable.

Ambassador of Oman in Pakistan Mohamed Bin Said Bin Mohamed Al-Lawati expressing his views said that Sultanate of Oman wawilling to play its due role for the rehabilitation of flood affectees in Punjab. He expressed the hope that economic relations between Oman and Punjab province would be further strengthened in the coming days.