Pakistan invites Indonesian investors

Pakistan’s president Asif Ali Zardari

Pakistan’s president Asif Ali Zardari invited Indonesia to invest in his country’s energy and agricultural sector during a meeting of the Developing Eight (D-8) countries in Islamabad on November 21.

Zadari said the two nations had “many complementarities and can draw tremendous mutual benefits through increased economic and commercial cooperation.”

He also called for the implementation of the Preferential Trade Agreement (PTA) that was signed in February 2012 and between Pakistan and Indonesia and emphasised the need for the two countries to move forward towards Free Trade Agreement

Zadari said that Pakistan presented “a tremendous potential to Indonesian investors in the energy sector” and added that Pakistan could benefit from the expertise Indonesia has gained in running thermal power plants on coal. He said that 186 billion tonnes of huge coal reserves are ready to be converted into electricity, gas and diesel and Indonesian investors could avail this huge potential “to the mutual benefit of the people of the two countries.”

Pakistan could also benefit from the experience of Indonesia in the field of coconut and oil palm management and wanted “to learn from the experience of Indonesia.”

The D-8 groups Bangladesh, Egypt, Indonesia, Iran, Malaysia, Nigeria, Pakistan and Turkey, with an estimated total population of one billion.

Its ambitious goal is to increase trade between member countries from $130 billion to $507 billion by 2018.



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[caption id="attachment_5450" align="alignleft" width="300"] Pakistan's president Asif Ali Zardari[/caption] Pakistan's president Asif Ali Zardari invited Indonesia to invest in his country's energy and agricultural sector during a meeting of the Developing Eight (D-8) countries in Islamabad on November 21. Zadari said the two nations had "many complementarities and can draw tremendous mutual benefits through increased economic and commercial cooperation." He also called for the implementation of the Preferential Trade Agreement (PTA) that was signed in February 2012 and between Pakistan and Indonesia and emphasised the need for the two countries to move forward towards Free Trade Agreement Zadari said that...

Pakistan’s president Asif Ali Zardari

Pakistan’s president Asif Ali Zardari invited Indonesia to invest in his country’s energy and agricultural sector during a meeting of the Developing Eight (D-8) countries in Islamabad on November 21.

Zadari said the two nations had “many complementarities and can draw tremendous mutual benefits through increased economic and commercial cooperation.”

He also called for the implementation of the Preferential Trade Agreement (PTA) that was signed in February 2012 and between Pakistan and Indonesia and emphasised the need for the two countries to move forward towards Free Trade Agreement

Zadari said that Pakistan presented “a tremendous potential to Indonesian investors in the energy sector” and added that Pakistan could benefit from the expertise Indonesia has gained in running thermal power plants on coal. He said that 186 billion tonnes of huge coal reserves are ready to be converted into electricity, gas and diesel and Indonesian investors could avail this huge potential “to the mutual benefit of the people of the two countries.”

Pakistan could also benefit from the experience of Indonesia in the field of coconut and oil palm management and wanted “to learn from the experience of Indonesia.”

The D-8 groups Bangladesh, Egypt, Indonesia, Iran, Malaysia, Nigeria, Pakistan and Turkey, with an estimated total population of one billion.

Its ambitious goal is to increase trade between member countries from $130 billion to $507 billion by 2018.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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