Canada to enhance bilateral economic relations with Pakistan


Saturday, May 31, 2014 – Islamabad—Greg Giokas, Canadian High Commissioner to Pakistan called on Finance Minister Senator Ishaq Dar at Finance Ministry here on Friday and discussed matters of mutual interest with special reference to enhancing bilateral economic relations between the two countries. The High Commissioner informed the Finance Minister that his last visit to Toronto and meetings with Canadian officials had a very positive impact on enhancing cooperation between the two countries.

He also appreciated participation of businessmen and investors in Canada-Pakistan Business Council meeting held in Toronto. He mentioned that there is an enormous enthusiasm in Canadian investors and Asian Diaspora over economic developments in Pakistan in light of the Prime Minister’s recent visit to New Delhi. He mentioned that there is huge potential in agriculture sector of Pakistan and he is leading a team comprising officials from Canada, USA and Australia for helping farmers and stakeholders in policy formulation for transformation of agriculture sector in Pakistan.

He said that the group is working on consultation with value chain, which will make implementation of policy framework easier. He gave an example of Canadian agri exports from Canadian dollars 15 million to 50 billion during a period of ten year due to appropriate policy formulation. He said that “we are interested to share our methodology and experience with Pakistan. He informed the Finance Minister that international community want to see Pakistan succeed in its reform agenda”. The Finance Minister informed the High Commissioner that agriculture sector is our priority and we have plans for provision of micro financing to small farmers.

He said that the agriculture sector drives the whole economy and appreciate the valuable contributions being made by the Canadian High Commissioner. He said that it is quickest result producing sector and the present government is focusing on new initiatives in this regard. On regional connectivity, the Finance Minister said that “we believe in regional trade and opening of new vistas to expand our trade and economic relations with the neighbours and beyond”.

He said that Pakistan provided a good opportunity to international investors in Pakistan particularly in hydro carbon exploration, energy and infrastructure development sectors and urged for investment by Canadian firms.—APP

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