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KARACHI: Amid sluggish domestic demand, major stakeholders in Pakistan’s engineering sector are optimistic about new business opportunities in the Middle East following the signing of a Free Trade Agreement (FTA) with the Gulf Cooperation Council (GCC).
Pakistan inked a preliminary agreement with the GCC last month to bolster trade relations with the regional bloc, which has not formalized such an agreement with any country since 2009. The FTA will now go through the GCC’s internal administrative and approval processes before taking…