Thursday 28 November 2013

Bilateral relations: Canada eyeing business opportunities in Pakistan

$700m is the current bilateral trade between Pakistan and Canada. PHOTO: FILE
LAHORE: President of Canada-Pakistan Business Council (CPBC) Samir Dossal said that the two countries shared great bilateral potential, pointing out agriculture and energy as the sectors that needed to be untapped to increase trade volume.
Pakistan-born Canadian businessmen, who have expertise in different segments of businesses in Canada, are willing to invest in Pakistan, provided the government gives them a fair ground. To seek such opportunities, Dossal is visiting Pakistan to attend ‘Vision 2025’.
“Pakistan and Canada are engaged in bilateral trade worth $700 million but the figure could easily touch a billion-dollar mark”, said Dossal.
During his meeting with Punjab Chief Minister Shahbaz Sharif, Dossal discussed the solar technology projects in Pakistan. He said that Canadian businessmen favored the Punjab for investment as it is relatively safer in terms of security.
“The Punjab chief minister has accepted my invitation to come and visit Ontario in June and that would open up great investment opportunities in both countries.”
He said that there was great demand for Pakistani cotton, mangoes and vegetables in North America.
“The government of Ontario understands the value of Pak-Canada relationship and the government will extend its utmost cooperation,” he said, while adding that there were various opportunities presented during the ‘Vision 2025’ conference.
The conference saw good participation with over a 100 business bodies in attendance.
“Projects like this could go a long way in realising the actual potential of business in Pakistan. I will present my feedback to the business community in Ontario, which will pave ways for future investment programmes between the two countries.

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