Pak­istan, Aus­tralia to ce­ment trade re­la­tions

The Pak Banker - - 2national -

LA­HORE: Mrs Amanda Fazio, Chair­per­son State Se­nate New South Wales, Aus­tralia, has un­der­lined the need for boost­ing trade re­la­tions be­tween Aus­tralia and Pak­istan as the mea­ger vol­ume of bi­lat­eral busi­ness does not re­flect the cor­dial ties be­tween the two coun­tries.

Mrs Amanda Fazio, who was head­ing an eight-mem­ber strong Aus­tralian del­e­ga­tion, was speak­ing at the La­hore Cham­ber of Com­merce and In­dus­try on Mon­day. LCCI Pres­i­dent Shahzad Ali Ma­lik, Vice Pres­i­dent So­hail Azhar, for­mer Se­nior Vice Pres­i­dent Ab­dul Ba­sit, Chair­man Skill Devel­op­ment Coun­cil Re­mat­ul­lah Javaid, LCCI Ex­ec­u­tive Com­mit­tee Mem­ber Dr Shahid Raza, Pak­istan Con­sul Gen­eral in Syd­ney Hamid As­ghar and Se­nior Vice Pres­i­dent Pak­istan Aus­tralia Busi­ness Coun­cil Kashif Am­jad also spoke on the oc­ca­sion. The head of the Aus­tralian del­e­ga­tion said that power gen­er­a­tion, agri­cul­ture, live­stock, sports goods, in­for­ma­tion technology, health and ed­u­ca­tion are the key sec­tors wherein Pak­istani busi­ness­men can take ad­van­tage of Aus­tralian tech­no­log­i­cal ad­vance­ments to play their role in eco­nomic turn­around of the coun­try.

Mrs Amanda Fazio said that Pak­istan could avail Aus­tralian ex­per­tise in vo­ca­tional train­ing as Aus­tralian vo­ca­tional train­ing mod­ules are best of the best in the world. She also stressed the need for fre­quent ex­change of busi­ness­re­lated del­e­ga­tions so that both the sides could have first-hand knowl­edge of the avail­able op­por­tu­ni­ties. She said that Pak­istani goods were best of the best in the world and has a very huge po­ten­tial in Aus­tralian mar­ket.

She said that an­other Aus­tralian del­e­ga­tion re­lat­ing to fur­ni­ture would be vis­it­ing Pak­istan in March 2011 to have first hand knowl­edge about the avail­able op­por­tu­ni­ties in this par­tic­u­lar sec­tor as a sec­tor­spe­cific fo­cused ap­proach could help give con­sid­er­able boost to two-way trade. She said that Pak­istan-Aus­tralia Busi­ness Coun­cil has also been formed that would pri­mar­ily fo­cus on in­creas­ing trade be­tween Pun­jab and New South Wales.

Speak­ing on the oc­ca­sion, the LCCI Pres­i­dent Shahzad Ali Ma­lik said that with ex­ten­sive nat­u­ral re­sources, in­clud­ing oil and nat­u­ral gas re­serves, the fourth-largest coal re­serves in the world and po­ten­tial for hy­dropower, Pak­istan of­fers mar­velous op­por­tu­ni­ties to Aus­tralian busi­ness­men. The LCCI Pres­i­dent said that there are prospects for growth in trade and in­vest­ment par­tic­u­larly in the field of agribusi­ness, ed­u­ca­tion, min­ing for oil and gas ex­plo­ration, IT & Com­mu­ni­ca­tions and devel­op­ment of pro­cessed foods etc. -Pr

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