Pakistan

Construction, agriculture: ‘Great opportunities for Pakistani investors in Paraguay’

Paraguay wants to strengthen relations with Pakistan in commerce, trade and culture.

Aamir Ilyas Rana March 22, 2011

ISLAMABAD:

Paraguay wants to strengthen relations with Pakistan in commerce, trade and culture. “Paraguay has great opportunities for Pakistani public and private investors in construction and agriculture sectors,” said Paraguayan Ambassador Ausberto Rodriguez Java.

Talking to The Express Tribune here on Tuesday, the ambassador said his country is keen on entering into an agreement with Pakistan on exchange of commercial and edible goods.

He described his visit to Pakistan “very encouraging” and invited investors to visit Paraguay, saying there are great opportunities for them to invest in the country.

Paraguay is rich in the field of wheat, animal feed, and oilseeds and wood. The envoy said his country was once rich in the field of cotton too but now needs foreign investors to restore the lost era. He said Pakistan has good expertise in this sector and both countries could benefit if investors turn to cotton in Paraguay.

The ambassador added there were also investment opportunities in construction, especially highways. Such projects could provide “massive” job opportunities to Pakistanis, he added.

Paraguay’s capital is in the heart of South America, he said, and could serve as a gateway to South America for Pakistan. The Paraguayan government is ready to sign an agreement with Pakistan International Airlines to start direct flights between the two countries, which will help investors in their travel, the ambassador said.

Ambassador Rodriguez Java praised Pakistan’s efforts in its war against terrorism and said the country had the capacity to defeat the insurgents.

Published in The Express Tribune, March 23^rd, 2011.

COMMENTS (2)

Omar | 13 years ago | Reply Common seriously? Direct flights via PIA to Paraguay? I believe the article was not run through a fact checker by the editor No flights beyond regional Latin American airlines fly into Paraguay. There isnt even a direct flight to US, European Countries or Asian countries No PIA flights fly to South America, nor is it economical as there is almost no demand betweeen the two countries or hemispheres. Mercosur, a trade block which Paraguay is a member of, already has substantial labour for the sectors mentioned in this article, I cant imagine Pakistani contruction workers headed to South America even in the most extreme of circumstances, much less to Paraguay who only has a population of 6 million and low GDP. Checked up in Islamabad Embassy listing, and there is no Paraguayan embassy in Pakistan, nor is there a Pakistani embassy in Paraguay...how can you develop trade ties when neither country has an embassy in each others capital? Where exactly is this ambassador based out of? Nearest Paraguayan embassy appears to be in India.

Haroon | 13 years ago | Reply Thank you Dear Ambassador. It's good time for Pakistani investors to invest there. Surely, it will enhance Pakistan's relations to latin america.

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