Expresses desire to deepen investment relations. PHOTO: FILE
LAHORE: Kenyan High Commissioner called on Punjab Board of Investment and Trade (PBIT) CEO Amena Cheema on Wednesday in order to pursue economic cooperation.
The delegation included Kenya High Commission Ambassador Prof Julius Kibet Bitok and Kenya Embassy to Pakistan Commercial Counsellor Filimona Wambulwa.
Speaking on the occasion, Bitok said that Pakistan and Kenya had managed to increase their bilateral trade to $600 million, adding that 80% of the tea consumed in Pakistan was imported from Kenya, while 70% of rice consumed in Kenya was imported from Pakistan.
He desired to increase trade volume between the two countries to $1 billion.
The Kenyan delegation also conveyed their desire for greater trade and investment relations with Pakistan, particularly with respect to textiles, pharmaceutical products, surgical instruments and tourism.
In her remarks, the PBIT CEO highlighted the immense potential existed in Punjab due to the China-Pakistan Economic Corridor (CPEC). She added that CPEC would be able to serve as a vital transit hub for Kenya, linking it to energy-rich Central Asia.
Furthermore, she discussed her plans to visit Nairobi in July to attend WIPO and UNCTAD to further enhance cooperation. She also suggested that a trade delegation to Lahore should be sent soon and recommended a sectorial trade show in Nairobi.
Published in The Express Tribune, June 16th, 2016.
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