Pakistan and Australia have a huge potential of bilateral trade and could initiate joint ventures in a number of sectors, including textiles, pharmaceuticals, wool, food items and coal.
This was the consensus developed during the LCCI Senior Vice President Abdul Basit's meetings with top Australian government functionaries and businessmen during his month-long visit to that country, said a press release issued on Sunday.
Talking to Philip Stone Howe of Australian Ministry of Trade and Consul General of Pakistan in Sidney Mohammad Azam, the LCCI senior vice president said that Pakistan was a land of opportunities with a high rate of return to all sorts of investments and the atmosphere is quite conducive for the foreign investors.
The LCCI leader particularly briefed them on the policy of industrialisation being pursued by the present government.
He informed them about the network of industrial estates being spread by Punjab Chief Minister Chaudhry Pervaiz Elahi.
The LCCI SVP urged them to arrange a sector specific delegation of Australian businessmen to Pakistan so that they could be able to take stock of the situation for themselves.
He informed them that at a time when the world has shrunk into a global village, the exchange of business delegations and single country exhibitions are the most effective tools to promote bilateral trade between the two countries.
He also promised them to bring an LCCI delegation to Australia so that the Pakistani business community could avail the business opportunities available in that country.
Meanwhile, addressing a gathering of businessmen, the LCCI senior vice president said that due to economic reforms initiated by the present government, Pakistan was fast attaining the status of economic leader in the region.
He said that Pakistan was a gateway to oil-rich Central Asian States that have a huge potential of investment.-PR
Comments
Comments are closed.