Official highlights potential for Pakistan-Kyrgyzstan economic integration, trade
ISLAMABAD: In a gathering with a delegation of industrialists and investors led by way of Faran Shahid Arain at Kyrgyzstan Trade House (KTH), Meher Kashif Younis, chairman of KTH and Coordinator to Federal Tax Ombudsman, emphasised the potential for economic integration between Pakistan and Kyrgyzstan.
He highlighted the longstanding and fraternal family members between the 2 nations and expressed Kyrgyzstan’s hobby in improving bilateral trade and funding.
Younis famous that Pakistan’s strategic location supplies landlocked nations reminiscent of Kyrgyzstan get entry to to world markets via its ports, making it a phenomenal spouse for trade and funding. He emphasised the desire for nearer interplay between investors and people-to-people touch to make stronger ties and build up economic cooperation.
Younis additional said that Central Asian Republics (CARs) and Kyrgyzstan have an estimated marketplace measurement of over $90 billion with potential for trade and funding. However, Pakistan’s trade with those nations has now not been on top of things.
He inspired Pakistani exporters to imagine exporting merchandise reminiscent of textiles, leather-based, prescription drugs, agriculture merchandise, electric home equipment, conversation apparatus, equipment, and development fabrics to Kyrgyzstan and different CARs.
Younis additionally highlighted that Kyrgyzstan imports a big number of equipment and gear from different resources, and Pakistan has the potential to develop into a big exporter of high-value merchandise. He additional added that Pakistan can import power and different merchandise from Kyrgyzstan and different nations.
Younis discussed that the Ambassador of Kyrgyzstan to Pakistan, Ulanbek Totuiaev, is making efforts to advertise bilateral trade between the 2 nations and facilitating importers and exporters to discover funding avenues and joint ventures. He additional said that KTH symbolises the trade cooperation between the non-public sectors of each nations.
In conclusion, Younis emphasised that Pakistan and Kyrgyzstan have centuries-long cultural, non secular, and economic family members, and each nations are wealthy in mineral sources and feature extremely professional human sources. Pakistani merchandise were discovered to be very aggressive with inexpensive costs and will seize a greater marketplace proportion in Kyrgyzstan.