Iranian, Pakistani Private Sectors can Boost Industrial Growth in Region
TEHRAN (FNA)- Joint ventures and collaborations by the Iranian and Pakistani private sectors can help boost and accelerate the pace of industrial growth in the region, a former Islamabad official said.
Speaking in a meeting with a visiting Iranian trade delegation, former President of the Federation of Pakistan Chambers of Commerce and Industry Iftikhar Ali Malik said that God has enriched both Muslim countries with plenty of natural resources and mineral deposits which could be fully exploited and harnessed for the development of the region.
According to an APP report, he further said that the successful launching of joint ventures in textile, petrochemicals, livestock, food processing and other allied sectors would definitely promise prosperity and progress in every sphere of life in the region besides generating the avenues for job opportunities for skilled, semi skilled and unskilled manpower of the two countries.
Iftikhar Ali Malik said that federal and Punjab governments attached great importance to the deeply rooted and everlasting bilateral relations with the Muslim brethren country Iran.
He urged the Iranian traders to take full benefit of the package of excellent incentives offered by the Chief Minister of Punjab Mian Muhammad Shahbaz Sharif.
Malik said that Federation of Pakistan's Chambers of Commerce and Industry and all chambers of commerce in the Punjab will extend their whole hearted cooperation with Iranian investors and traders for flourishing trade between the two countries.
He said that traders of either side can also benefit from the expertise of each other's areas of interest.
He stressed the urgent need for rational custom duties on Pak products and improvement in logistic infrastructures to promote business relations.
He also cautioned that only an economically sound country could offset serious threats hovering around the entire Muslim ummah (community).
Malik further condemned the Israeli onslaught against people in Gaza and blasted Tel Aviv for killing hundreds of innocent Palestinians in Gaza Strip, especially children.
He also lambasted the UN Security Council for its inaction in the face of Israeli brutalities in the Palestinian coastal area.