Islamabad: According to news reports, Niger’s Minister of Commerce and Trade, Mr. Gabo Sabo Moctar, met with members of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) to discuss bilateral business opportunities, including the development of Special Economic Zones (SEZs) for Pakistan.
According to reports, Mr. Gabo stated that Niger is aiming to attract investment in the African infrastructure industry. The key purpose, according to the minister, is to build long-term bilateral ties through sharing policy and operational skills and experience.
Both parties signed memorandums and agreements aimed at forming long-term business collaborations. Former President FPCCI Senator Haji Ghulam Ali, coordinator FPCCI capital office Mirza Abdul Rehman, and other members of the federation attended the meeting. From Pakistan, Ambassador to Niger Ahmad Ali Sirohey, Former President FPCCI Senator Haji Ghulam Ali, coordinator FPCCI capital office Mirza Abdul Rehman, and other members of the federation also attended.
Mr. Gabo further noted that Pakistan’s basmati rice is of the greatest quality and that sectors such as pharmaceuticals, agriculture, medical devices, textiles, and others have potential in Niger, which is a booming new market for Pakistani exports. Chairman of the FPCCI, Qurban Ali, further emphasized that Africa is an undeveloped and undiscovered market that will aid economic progress and industrialization.
Despite the pandemic, the Look Africa Campaign increased trade between Pakistan and Africa by 7% in 2019-2020, and the volume of current trade may be doubled through bilateral agreements and investigation of potential, according to the report.
The FPCCI’s president expressed confidence that the expansion of business-to-business (B2B) and government-to-government (G2G) linkages will help boost trade volume.