Staff Reporter Lahore
Punjab Minister for Industries & Trade Mian Aslam Iqbal and Ambassador of Indonesia Adam M Tugio on Monday inaugurated Indonesia-Pakistan business to business (B2B) online portal.
Addressing the inaugural ceremony, Mian Aslam Iqbal said that Pakistan and Indonesia share deep potential, cultural, religious ties and respect for democratic values.
Being the largest countries in the Islamic world, the two stand together for their pro-gress and prosperity.
He said that Indonesia-Pakistan preferential trade agreement (PTA) has been beneficial for private businesses of both countries and instrumental in focusing growth in Pakistan.
He said that the level of trade and investment between the two countries has not kept pace with global trends. There is con-siderable untapped potential to expand trade taking advantage of the PTA.
He said, “Recent understanding between PBIT and Indonesian Embassy in Pakistan to form a joint working group to facilitate bilateral trade and in-vestments clearly indicates our resolve to strengthen the economic ties between the two countries.”
The provincial minister said, “As a result of bold economic reforms of the government of Prime Min-ister of Pakistan Imran Khan, we have achieved significant improvement in all major economic indi-cators; Pakistan’s economic growth has increased despite the challenges of Covid-19.”
He said Punjab has taken regional lead in special economic zone development and colonisation.