Ann: Board Changes, page-37

Now it is also clear why the Oman project is at CRR. Good business can be done with compatriots, now I am very confident that we will do good things there.
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Oman is the nearest Arab country to Pakistan, because of this, they both share a maritime boundary with each other. 30% of Omanis are of Balochi origin from Pakistan's Balochistan province, having settled in Oman over a hundred years ago.[citation needed] Gwadar was formerly part of Oman but was sold to Pakistan on 8 September 1958. It was integrated within Balochistan on 1 July 1977 and became a full sub-division of the Gwadar District.[citation needed] There are over 85,000 Pakistani immigrants resident in Oman.[citation needed]Oman and Pakistan cooperate economically, with bilateral trade. The Pakistan-Oman Joint Investment Company promotes trade between Oman and Pakistan.The countries also cooperate militarily, with joint exercises and defence procurement.
Oman agreed to a transaction for Gwadar Port which is now being developed as a part of China-Pakistan Economic Corridor. Oman and Pakistan also co-operated regarding Pakistan's extended continental shelf zone, Pakistan's Foreign affairs adviser Sartaj Aziz thanked Oman for their co-operation regarding extension of Pakistan's territorial waters from 240,000 km2 to an additional 50,000 km2