Ukrainian com­pa­nies keen to in­vest in CPEC projects: Am­bas­sador

The Pak Banker - - NATIONAL -

Am­bas­sador of Ukraine to Pak­istan Volodymyr Lako­mov has said that a num­ber of renowned Ukrainian com­pa­nies are keen to in­vest in projects un­der the China Pak­istan Eco­nomic Cor­ri­dor (CPEC). This in­vest­ment would be a be­gin­ning to fur­ther strengthen long term bi­lat­eral co­op­er­a­tion be­tween the two coun­tries, Volodymyr Lako­mov said while talk­ing to APP.

He said that Pak­istan be­ing a de­vel­op­ing coun­try should take max­i­mum ben­e­fit from the CPEC and the Ukrainian com­pa­nies would also be ready for in­vest­ment in its var­i­ous projects. The CPEC, he said, would be a guar­an­tee for eco­nomic sta­bil­ity in the re­gion in the times to come.

When asked about co­op­er­a­tion be­tween the two coun­tries in the field of trade and in­vest­ment, he said that Pak­istan and Ukraine were alre­day work­ing to fi­nalise a drat "Mu­tual En­cour­age­ment In­vest­ment Pro­tec­tion" agree­ment for en­hanc­ing in­vest­ment op­por­tu­ni­ties. This agree­ment would en­cour­age in­vestors for safe in­vest­ment, be­sides help avoid dou­ble tax­a­tion be­tween the two coun­tries, the en­voy said.

Pak­istani busi­ness­men, he said, could take ben­e­fit from Ukraine through their in­vest­ment the lat­ter had Free Trade Agree­ment with Euro­pean coun­tries. The am­bas­sador ap­pre­ci­ated the role of Pak­istani govern­ment and the armed forces in the war against ter­ror­ism, which he said, was ac­knowl­edged by the en­tire world. They recog­nised the sac­ri­fices of Pak­istani na­tion as well as the armed forces, he added.

Re­gard­ing bi­lat­eral co­op­er­a­tion in the education sec­tor, he said that more than 1,000 Pak­istani stu­dents were study­ing in var­i­ous Ukrainian univer­si­ties, es­pe­cially in the fac­ul­ties/de­part­ments of med­i­cal, en­gi­neer­ing, tex­tile, agri­cul­ture and me­tal­lurgy. Ukraine had over 100 univer­si­ties, he added.

He urged the world com­mu­nity to sup­port Ukrainian peo­ple who were fac­ing ag­gres­sion by the Rus­sian forces. More than 9,000 cit­i­zens, in­clud­ing women and chil­dren, had been killed and about 30,000 in­jured by by the Rus­sian forces in oc­cu­pied ar­eas while over 100,000 were forced to leave their houses and take refuge in other parts of the coun­try. The Ukrainian na­tion, he said, wanted elec­tions in ar­eas un­der the con­trol of Rus­sian forces but the same could only be pos­si­ble in a free and fair at­mos­phere af­ter the with­drawal of oc­cu­pa­tional forces. "Ukrainian com­pa­nies are also ready to in­vest in the multi-bil­lion dol­lars Turk­menistan- AfghanistanPak­istan-In­dia (TAPI) gas pipe­line pro­ject as they have ca­pac­ity to pro­vide pipes for the pro­ject," he men­tioned.

The en­voy said that Ukraine wanted to im­port rice, or­anges, man­goes, tex­tile, footwear and sur­gi­cal items from Pak­istan and ex­port fer­til­izer, agri­cul­tural ma­chin­ery, hy­dro tur­bines, en­ergy equip­ments in­clud­ing gen­er­a­tors pips, chem­i­cals, sun­flower and canola oil etc. Re­spond­ing to a ques­tion about tourists of Pak­istan to Ukraine, the am­bas­sador said that the Ukrainian govern­ment would wel­come to re­ceive Pak­istani tourists and the em­bassy would be ready to ex­tend fa­cil­i­ties in this re­gard.

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