Punjab Board of Investment & Trade (PBIT), Embassy of the Republic of Indonesia in Islamabad and e-Commerce Gateway Pakistan Private Limited jointly organised the first Indonesia-Pakistan Business to Business (B2B) Hybrid Road Show 2021 and launched the B2B online portal to facilitate increased trade between both the countries.
Both the initiatives aimed at providing a platform for business communities of the two countries to get more information which may have to increase commercial transactions potential various fields such as health, pharmaceutical, food, agriculture, textile and furniture.
Punjab Minister for Industries and Trade Mian Aslam Iqbal and Ambassador of Indonesia to Pakistan Adam Tugio inaugurated the online portal.
Addressing the inaugural ceremony, the provincial minister said Pakistan and Indonesia shared deep potential, cultural, religious ties and respect for democratic values. “Being the largest countries in the Islamic world, the two stand together for their progress and prosperity.”
He further said, “Indonesia-Pakistan preferential trade agreement (PTA) has been beneficial for private businesses of both countries and instrumental in focusing growth in Pakistan. The level of trade and investment between the two countries has not kept pace with global trends. There is considerable untapped potential to expand trade taking advantage of the PTA.”
He stated that the recent understanding between PBIT and Indonesian Embassy in Pakistan to form a joint working group to facilitate bilateral trade and investments clearly indicates our resolve to strengthen the economic ties between the two countries.
Published in The Express Tribune, July 14th, 2021.
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