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Growth signs in Pak economy inspiring: Australian Economic Counseller

Published Updated

pak australia 400ISLAMABAD: Pakistan's natural and human resource potential was matchless, Economic Counseller of Australian High Commission, Melissa Kelly, said Thursday while declaring some of the recent signs of growth in Pakistan as very inspiring.

Melissa Kelly was talking to a delegation of Federal of Pakistan Chambers of Commerce and Industry (FPCCI) that included Chairman FPCCI Standing Committee on Diplomatic Affairs, Sheikh Humayun Sayeed and Chairman Media FPCCI, Malik Sohail.

"Despite numerous challenges Pakistan's economy was doing well which is very encouraging," she said and added "all major international investors and companies are making profits despite the security challenges."

The Economic Counsellor said Pakistan is the gateway to energy rich central Asian states, financially liquid Gulf states and economically advanced Far Eastern countries.

Besides, she said that Pakistan has world's second largest salt mine, fifth largest gold mine, fifth largest coal reserves, seventh largest copper mine; great consumer market and fourth largest competent workforce in the world.

Melissa Kelly said that an Australian delegation has just completed visit of Pakistan and they have decided to investment in the citrus sector including construction of a juice extraction plant.

She said that there is a great scope of cooperation between Pakistan and Australia in different sectors including energy, industry and agriculture.

On the occasion, Sheikh Humayun Sayeed highlighted the salient features of liberal and deregulated trade regime of Pakistan which offered enormous opportunities for foreign investors.

Stressing the promotion of economic links, Sayeed said that the two countries should boost exchange of delegations and expos which will bring business communities together that would lead to more trade in future.

Malik Sohail Hussain appreciated the role of Australian High Commission in promotion of trade and economic relations between the two friendly countries.

He said that Australia can get access to central Asia by using Pakistan as an economic bridge.

Malik Sohail said the perception about Pakistan is not what is portrayed as it better than most of the regional countries in case of doing business, strong infrastructure, fast growing middle class.

Australia is the third choice for Pakistan students studying abroad, incentives can help Canberra climb the ladder, he said.

 

Copyright APP (Associated Press of Pakistan), 2012

 

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