Trade boost: Australia asked to increase imports

Two-way trade between Australia and Pakistan can increase substantially if Australia increases imports from Pakistan

KARACHI: Two-way trade between Australia and Pakistan is low and can increase substantially if Australia increases imports from Pakistan, according to Overseas Investors’ Chamber of Commerce and Industry (OICCI) members. Speaking at a meeting between Australian Special Envoy to Pakistan and Afghanistan Richard Smith and OICCI members, OICCI Secretary General M Abdul Aleem updated the delegation on the current state of Pakistan’s economy. He said OICCI works hand in hand with the government to improve the business and investment landscape, and assists it in timely removal of obstacles to foreign investment and economic growth. “The economy has done fairly well in 2010-11, despite the devastating floods and has registered a 2.4 per cent growth,” said Aleem.

Published in The Express Tribune, July 5^th, 2011.