‘Aus­tralia ready to co­op­er­ate with Pak­istan in IT sec­tor’

The Pak Banker - - NATIONAL -

High Com­mis­sioner of Aus­tralia, Mar­garet Adam­son said on Fri­day that Aus­tralia was ready to co­op­er­ate with Pak­istan in mul­ti­ple sec­tors to up­lift its eco­nomic pro­file.

While ad­dress­ing busi­ness com­mu­nity at Is­lam­abad Cham­ber of Com­merce and In­dus­try (ICCI), she said, her coun­try could co­op­er­ate in agri­cul­ture, en­ergy, ex­plo­ration of nat­u­ral re­sources, in­for­ma­tion tech­nol­ogy, health, education and value chain.

Pak­istan, he ob­served, was in the driv­ing seat glob­ally in In­for­ma­tion Tech­nol­ogy (IT) sec­tor with young and tal­ented pool of IT pro­fes­sional and this area has great po­ten­tial for mu­tual co­op­er­a­tion be­tween the two coun­tries. She said, wa­ter con­ser­va­tion and op­ti­mum uti­liza­tion of wa­ter was an­other area of great in­ter­est for Pak­istan and Aus­tralia as both could face wa­ter short­age is­sue.

She said their strong co­op­er­a­tion in this area could help them to cope with this chal­lenge more ef­fec­tively. The Am­bas­sador said Pak­istan was a strong mar­ket of 200 mil­lion peo­ple with abun­dant nat­u­ral re­sources while Aus­tralia pos­sessed ad­vanced tech­nol­ogy and ex­per­tise in many fields, so both coun­tries have good po­ten­tial to com­ple­ment each other in many ar­eas.

This re­gion had

great op­por­tu­ni­ties for busi­ness and in­vest­ment and opined that China Pak­istan Eco­nomic Cor­ri­dor (CPEC) was vi­tal to strengthen the re­gional con­nec­tiv­ity and pro­mote re­gional in­te­gra­tion. Ms. Mar­garet Adam­son said Aus­tralia could sup­ply LNG to Pak­istan to over­come its en­ergy is­sues.

She was of the view that Pak­istan's pro­file as an in­vest­ment desti­na­tion was needed to be fur­ther up­lifted to at­tract more Aus­tralian in­vest­ment.

How­ever, she as­sured that Aus­tralia would con­tinue to work with Pak­istan in agri­cul­ture, en­ergy, health, education and other sec­tors to strengthen its econ­omy. In his wel­come ad­dress, Pres­i­dent, Is­lam­abad Cham­ber of Com­merce and In­dus­try, Atif Ikram Sheikh said Pak­istan and Aus­tralia en­joyed good political re­la­tions which should be trans­formed into grow­ing trade and eco­nomic re­la­tions.

He said bi­lat­eral trade of US$ 485 mil­lion dur­ing 201415 be­tween Pak­istan and Aus­tralia was far less than their real po­ten­tial and stressed that both coun­tries should fo­cus on ex­change of trade del­e­ga­tions on reg­u­lar ba­sis to iden­tify new av­enues of mu­tual co­op­er­a­tion.

He said Aus­tralia should share its ad­vanced agro-tech­nol­ogy, ex­per­tise and qual­ity seeds with Pak­istan to im­prove pro­duc­tiv­ity and qual­ity of its agro prod­ucts.

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