PSO, Kuwait Petroleum expand 50-year partnership

Pakistan and Kuwait have agreed to broaden their economic cooperation and strengthen bilateral ties, with a focus on trade, investment, energy and other areas of mutual interest.

The understanding was reached during a meeting between Prime Minister Shehbaz Sharif and Kuwaiti Prime Minister Sheikh Ahmed Abdullah Al-Ahmed Al-Sabah.

During the meeting, the two leaders discussed ways to enhance cooperation in key sectors, including trade, investment and energy projects. They also explored opportunities to strengthen people-to-people contacts and reaffirmed their commitment to further developing relations between the two countries.

In a separate development, Pakistan State Oil (PSO) and Kuwait Petroleum Corporation (KPC) agreed to expand their partnership in the energy sector, building on more than five decades of cooperation.

Under the agreement, both organisations will explore new opportunities for fuel supplies, refining and investment. The initiative is aimed at supporting Pakistan’s energy sector development while creating new avenues for long-term cooperation.

The renewed engagement reflects the commitment of both countries to strengthening economic ties and exploring mutually beneficial investment opportunities.