Pakistan-Indonesia Business Forum launched

KARACHI: Pakistan-Indonesia Business Forum (PIBF) was launched here on Sunday. Patron-in-Chief of PIBF, Ambassador of Indonesia Ishak Latuconsina, and president PIBF Abdul Majid Haji Muhammad signed a memorandum in this regard at an inaugural ceremony held at a local hotel.

Latuconsina while speaking on the occasion said that the PIFB would provide a platform to the business communities of the two countries for enhancing bilateral trade linkage and exploring the opportunities of close cooperation.

He said the PIBF was aimed at providing opportunities of collaboration to corporate sector. Latuconsina hoped that Pakistani friends would utilise the PIBF to explore potential business prospects and to deepen their existing partnerships with Indonesia.

He said the participants of various distinguished members of the business community reflected the association and affiliation with Indonesia as a brotherly country as well as the mutual desire to further strengthen bilateral friendly relations.
The ambassador said: “I fervently believe that it is a timely initiative since the negotiations for Indonesia-Pakistan Preferential Trade Agreement have already been finalised successfully in Jakarta last month, which will lead to the Free Trade Agreement (FTA) soon.”

Chief Guest, Secretary Commerce, Government of Pakistan, Zafar Mahmood said the government was working with sincerity as it urged the world that ‘we do not want to aid but want trade’.

Member PIBF Majid Aziz, Chairman Sindh Board of Investment Muhammad Zubair Motiwala, Renowned businessman, Siraj Qasim Teli and Provincial Minister Raza Haroon also spoke on the occasion.

It is worth mentioning here that Pakistan and Indonesia together make an ever growing market of more than 440 million people, which offers tremendous opportunities of businessmen and economic entities for building a sound economic partnership.

Leave a Reply