Indonesia discusses potential for investment in Pakistan

Published: August 1, 2017
A woman works at a textile factory. PHOTO: REUTERS

A woman works at a textile factory. PHOTO: REUTERS

LAHORE: A high-level delegation from Indonesia visited the Punjab Board of Investment and Trade (PBIT) on Monday and discussed the investment potential in Pakistan.

The three-member delegation including Indonesian Ambassador Iwan Suyudhie Amri was given a brief introduction of Punjab by PBIT CEO Jahanzeb Burana. Burana showed documentaries regarding investment opportunities in Punjab in various sectors and highlighted ways of exploiting the investment potential in the country.

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He emphasised the increasing capacity of economic cooperation between the two countries and said Pakistan and Indonesia should enter into joint ventures for sustainable development and economic progress.

“There is a possible chance to collaborate in the fields of textile and value-added products,” he said.

The PBIT CEO was of the view that there was a wide opportunity for Indonesia to take interest in the Special Economic Zones being developed in Punjab, adding the IT sector also offered great opportunity for investment and collaboration.

Speaking on the occasion, the Indonesian ambassador, while praising the presentation on Punjab, said they would showcase the documentaries in Indonesia as well.

He said Indonesia was a rice consuming country and Pakistan could tap the market through a proper marketing strategy as it produced the best-quality rice in a large quantity.

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The envoy acknowledged the Punjab government’s initiatives to make the environment investment-friendly.

“I look forward to working closely with you in the years ahead to promote even stronger economic ties between Indonesia and Pakistan.”

Amri identified capacity building, cultural restoration and revitalisation of historical and tourist places as potential areas for partnership.

It was decided that before the visit of the Indonesian president, a technical visit should be planned by both sides to turn into reality prospects of mutual cooperation.

Published in The Express Tribune, August 1st, 2017.

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