Musazai woos traders to invest in Afghan

The Pak Banker - - NATIONAL -

KARACHI: Afghanistan Am­bas­sador to Pak­istan has sug­gested in­vestors could set up their in­dus­trial units in Afghan taxfree zones which would help them bet­ter ac­cess to Afghan mar­ket and Cen­tral Asian Republics. Janan Mosazai said this while speak­ing at a meet­ing dur­ing his visit to the Karachi Cham­ber of Com­merce and In­dus­try (KCCI). He said his gov­ern­ment was ready to of­fer ad­di­tional fa­cil­i­ties to Pak­istani in­vestors as com­pared to in­vestors from other coun­tries with a view to fur­ther strengthen eco­nomic and trade ties be­tween the two coun­tries.

Mosazai also twit­ted that Pak­istan and Afghanistan must work jointly to deal with common is­sues of ter­ror­ism, il­lit­er­acy, poverty, wa­ter short­ages, en­ergy cri­sis and in­fra­struc­ture de­vel­op­ment, he re­marked. He asked the KCCI to or­gan­ise a del­e­ga­tion's visit to Afghanistan to ex­plore trade and in­vest­ment op­por­tu­ni­ties. Iden­ti­fy­ing var­i­ous sec­tors for un­der­tak­ing joint ven­tures, he said the business com­mu­ni­ties of the two coun­tries can un­der­take joint ven­tures in agri­cul­ture, ed­u­ca­tion, con­struc­tion, min­ing, pre­cious stones, nat­u­ral re­sources and other im­por­tant sec­tors of the econ­omy.

"There is also a huge po­ten­tial in Afghanistan for Pak­istani rice ex­porters who can­not only ex­port rice to Afghanistan, but also to the Cen­tral Asian Republics through Afghanistan," he re­it­er­ated. Mosazai stressed the need to de­velop high­ways, rail­ways and air links be­tween two coun­tries. "Mem­o­ran­dums of un­der­stand­ing and agree­ments had al­ready been signed in this re­gard, now it is time to im­ple­ment all th­ese projects," he stressed. Ear­lier, KCCI Pres­i­dent Iftikhar Ahmed Vohra said lo­cal in­dus­try of Pak­istan suf­fers badly due to mis­use of Afghan Pak­istan Tran­sit Trade Agree­ment.

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