Pak, Ukraine can boost trade vol­ume to new heights

Pakistan Observer - - ECONOMY WATCH - STAFF RE­PORTER

Cur­rency Sell­ing Buy­ing IS­LAM­ABAD—Ukrainian Am­bas­sador to Pak­istan Volodymyr Lako­mov Sun­day said that Pak­istan and Ukraine could eas­ily boost their ex­ist­ing trade vol­ume to new heights by ex­plor­ing non-tra­di­tional av­enues.

The en­voy, in an in­ter­view, said the cur­rent trade vol­ume be­tween the two coun­tries was $500 mil­lion and steps were in hand to en­hance the same.

Ukraine was in the process of sign­ing about a dozen agree­ments with Pak­istan thereby pro­vid­ing a level play­ing field to the in­vestors from both the sides, be­sides en­hanc­ing sci­ence and tech­nolo­gies, ed­u­ca­tion, cul­tural and trade re­la­tions, he added.

He said Pak­istani busi­ness­men could ex­plore Ukrainian mar­ket for their prod­ucts like tex­tile, hand­i­craft, leather goods, sur­gi­cal in­stru­ments, sport goods and fruits, es­pe­cially mango, kin­now and dates.

Sim­i­larly, Ukraine could ex­port met­al­lurgy items, wheat, cargo and avi­a­tion and aero­space tech­nolo­gies, be­sides mil­i­tary hard­ware, he added.

He said Pak­istan had a lot of po­ten­tial to ex­cel in the avi­a­tion sec­tor and Ukraine hav­ing over six decades ex­pe­ri­ence of man­u­fac­tur­ing pas­sen­ger and cargo air­craft could help it in that re­gard. Ukraine’s “Antonov” com­pany had so far de­vel­oped over 100 types of air­craft, in­clud­ing one of the big­gest cargo car­ri­ers, be­sides a fire-ex­tin­guisher, he added.

For en­hanc­ing bi­lat­eral trade the two coun­tries, he said, had re­cently inked an agree­ment to do away dou­ble tax­a­tion. The two coun­tries could sign mem­o­ran­dums of un­der­stand­ings for co­op­er­a­tion in fields like in­vest­ment, avi­a­tion, ed­u­ca­tion, mar­itime mer­chant ships, law en­force­ment field, agri­cul­ture and food se­cu­rity, sci­ence & tech­nolo­gies, and cul­tural ex­changes.

He ap­pre­ci­ated that the demo­cratic sys­tem had deep­en­ing its roots in Pak­istan after pass­ing through a se­ries of tests and tri­als.

Re­fer­ring to a re­cent meet­ing of Ukrainian For­eign Min­is­ter with Ad­viser to the Prime Min­is­ter on For­eign Af­fairs Sar­taj Aziz, he said both the lead­ers dis­cussed ways to en­hance bi­lat­eral co­op­er­a­tion.

Ex­press­ing his ap­pre­ci­a­tion for the qual­ity and taste of Pak­istani fruits, he said, “Kin­now, Mango and dates of this coun­try are juicy and taste­ful.”

When­ever he vis­ited Kiev the cap­i­tal of Ukraine - he took along th­ese gifts of the na­ture (ki­now or mango and dates) for his fam­ily and friends, he added.

He said though the long dis­tance be­tween the two coun­tries was a hand­i­cap for im­port and ex­port of such per­ish­able fruits, but the Ukraini­ans were fond of the qual­ity and taste of fruits pro­duced in Pak­istan.

Ap­pre­ci­at­ing the pro­posal for ar­rang­ing a pro­grame of Ukrainian singer ‘Ja­mala’, the win­ner of Euro­vi­sion song com­pe­ti­tion, in Pak­istan on its found­ing day on Au­gust 14, the am­bas­sador said it would a step for­ward to en­hance bi­lat­eral cul­tural ties.

SWABI: Pir Sabir Shah, Iftikhar Ahmed and Chief Ex­ec­u­tive Pe­shawar Elec­tric Sup­ply Com­pany in­au­gu­rat­ing 132kv Nishat dou­ble-cir­cuit trans­mis­sion line. The trans­mis­sion line will ben­e­fit con­sumers of Swabi, Gadoon and ad­ja­cent ar­eas.

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