Karachi: Minister for Commerce Khurram Dastagir Khan on Thursday stressed on increasing trade cooperation between Pakistan and Belarus at different levels, including exchange of trade, business, and investment related delegations as well as information.
“Enhancing the interaction will be very productive in strengthening the bilateral economic cooperation between the two states,” the minister told the inaugural session of 4th meeting of Pakistan-Belarus Joint Ministerial Commission (JMC).
“Also, more bilateral trade in general items would help both the countries to come up with preferential tariffs.” Khan said the economic performance under the leadership of Prime Minister Muhammad Nawaz Sharif is unmatched.
“During the last fiscal year Pakistan’s gross domestic product (GDP) stood around 4.7 percent, while for the current year, the country has set a target of 5 percent,” the commerce minister told the meeting.
He said as a result of the favourable policies of the government, agriculture and industrial sectors, especially the large scale manufacturing sector, is growing by leaps and bounds. "Pakistan’s auto sector is flourishing due to tax incentives and holds a great
potential for investment," he noted.
Speaking on the occasion, minister for industries Aleksandr Mikhailovich Radevich, who was leading the Belarus team, underlined the need for further advancement of economic cooperation between the two countries.
“For this purpose, there should be due consultation among the concerned government agencies and the private sector,” said he. Calling for seriously pursuing the start of banking services between the two countries, Radevich offered to set up a task force for accelerating the process of promoting economic cooperation between Belarus and Pakistan. “It is imperative that areas be identified on which the experts from both the sides could focus,” he suggested.