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KARACHI, September 3, 2025: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and the Oman Chamber of Commerce and Industry (OCCI) have agreed to enhance cooperation and promote joint investments, signaling a new phase of collaboration between the private sectors of both countries.
An FPCCI delegation, led by Senior Vice President Saqib Fayyaz Magoon, met with Hamood Al-Saadi, Deputy Chairman of OCCI, during a visit to Muscat. The delegation included FPCCI Vice President Muhammad Aman Paracha, Chairman of the Pakistan-Oman Business Council Nadeem Mehmood Magoon, Patron of the Hajj & Umrah Association Furqan Abdul Qadir, and other members.
At Pakistan House in Muscat, the delegation was joined by Bilal Hasan, Deputy Ambassador of Pakistan to Oman, and Ishrat Bhatti, Commercial Counselor, alongside leading members of the Pakistani business community in Oman. Prominent entrepreneurs, including Mian Muhammad Riaz Mumtaz, Mian Fayyaz, Syed Fayyaz Ali Shah, and Ahmed Subhani of OCCI’s Investment Committee, also attended.
During the visit, Omani officials briefed the delegation on opportunities in IT, pharmaceuticals, medical tourism, and food processing. FPCCI Vice President Aman Paracha presented Pakistan’s economic progress, investment incentives, and potential business avenues for Omani investors.
Speaking to the media, Paracha emphasized that the visit facilitated interactions with senior officials, diplomats, and business leaders, creating a favorable environment for new investments. He noted that the discussions focused on sectors such as food security, ICT, education, textiles, healthcare, construction, tourism, automotive, import-export, and sports goods.
FPCCI Senior Vice President Saqib Fayyaz Magoon highlighted Pakistan’s strategic vision for stronger bilateral ties, referencing Oman’s geographic importance, business-friendly investment climate, and Vision 2040. He encouraged both business communities to pursue joint ventures, leverage incentives, and expand into regional and global markets.
Magoon also welcomed plans to strengthen maritime connectivity between the two nations, including the launch of a direct Gwadar ferry service, which is expected to boost trade and people-to-people linkages.
The visit featured B2B meetings between business leaders, aimed at exploring joint ventures, exchanging expertise, and initiating collaborative projects. Both sides expressed confidence that these engagements would pave the way for deeper economic, trade, and investment cooperation rooted in their longstanding historical ties.
