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  • Aug 2nd, 2004
  • Comments Off on ‘Pak-Tajik bilateral trade has bright prospects’
Bright prospects of bilateral trade between Pakistan and Tajikistan exist and the volume can be enhanced to 20 million dollars by proper exploitation of the potential.

This was observed by visiting President of Tajikistan Chamber of Commerce & Industry, Saidosharov, while addressing a meeting of Lahore Township Industries Association (LTIA) the other day. LTIA Senior Vice Chairman Nasrullah Mughal presided over the meeting.

The Tajik Chamber chief observed that the two country have a lot of common things in culture and civilisation while Tajik language is a developed form of Persian. "And, we all know that 60 percent words of Urdu are from Persian language."

He said that the business community of Tajikistan was keen to enter joint investment ventures with their Pakistani counterparts so that they could benefit from Pakistan's experience in agricultural and industrial fields.

Terming the single-country exhibition recently held by Pakistan in Dushanbe a success, he said it would prove to be an effective means of enhancing trade relations between the two countries.

Speaking about his country's needs, he said Pakistan could export to Tajikistan industrial goods, medicines, water supply pumps, sanitary goods, paints, mining equipment, mineral water bottles and small agri products processing units etc.

LTIA President Shafqat Ali told the Tajik guest that in view of positive response from Tajik leadership and existing vast potential for bilateral trade, some Pakistani organisations were planning to open their business offices in Tajikistan. The Tajik Chamber president showed happiness over it and assured of his full co-operation in this respect.

Later, a memorandum of understanding (MoU) was signed between Lahore Township Industries Association and Tajik Chamber.

Under the MoU, both organisations will facilitate each other in establishing joint ventures in both countries including trade houses and industrial units, to work for identification of areas of investment for mutual benefit under joint ventures, and promotion of bilateral trade between the two countries.

Copyright Business Recorder, 2004


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