Pakistan discusses technology transfer with Netherlands

Envoy discusses structural reforms with finance minister

ISLAMABAD:

Pakistan and the Netherlands on Wednesday agreed on the significance of enhancing bilateral relations and exploring new opportunities for partnership in areas of mutual interest.

According to news statement issued by finance ministry, Ambassador Henny de Vries called on Minister for Finance and Revenue Muhammad Aurangzeb to discuss matters of mutual interest and strengthen the existing ties between Pakistan and the Netherlands.

The minister warmly welcomed the ambassador and expressed appreciation for the longstanding friendship and cooperation between the two countries. He highlighted the importance of the bilateral relationship, rooted in shared values and a history of collaboration.

The discussion also touched upon the structural reforms being implemented by Pakistan for promoting economic growth and ensuring fiscal sustainability.

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The minister highlighted that Pakistan was interested in technology transfer and leveraging the expertise of the Netherlands in agriculture, dairy, and farm production that would lead to increased production and exports, contributing significantly to Pakistan’s economy.

Ambassador de Vries reciprocated the sentiments, emphasising the Netherlands’ commitment to furthering cooperation with Pakistan across various sectors. She also appreciated the government’s efforts being taken towards reforms in major economic and financial sectors of the economy.

The ambassador also informed about the pilot projects being run by the Netherlands in Pakistan, including fish production, ensuring labour safety and environmental standards in textile industries, and projects on water management in agriculture.

She expressed the Netherlands’ commitment to furthering these initiatives and expanding cooperation in other areas of mutual interest.