The inaugural ceremony of Pakistan-Indonesia Business Forum (PIBF) will be held on Sunday (tomorrow) in Karachi. The Patron-in chief of the PIBF is H.E. Ishak Latuconsina, Ambassador of the Republic of Indonesia and President of PIBF is Abdul Majid Haji Muhammad.
The PIBF is being launched with the objective to provide better access to a wider range of markets to the business communities and is expected to play a vital role in further enhancing and strengthening of the mutually beneficial trade relations between the two brotherly countries. The inauguration of the PIBF is another significant development in the bilateral trade relation of the two countries in a short time after the finalisation of the negotiation for Indonesia-Pakistan Preferential Trade Agreement (PTA) in Jakarta last month, which will lead to Free Trade Agreement (FTA) soon.
The PIBF will serve as an important source of valuable information for enhanced two-way trade between the business communities of Pakistan and Indonesia and provide new opportunities of collaboration in a co-ordinated way. The PIBF is also expected to bring considerable raise in the bilateral trade volume and volatile economic activities in future.
At the same time, it is also aimed to bring the corporate sectors of the two countries closer to each other through extensive net working, exchange of information and regular visits by the trade delegations. Pakistan and Indonesia together make an ever growing market of more than 440 million people, which offers tremendous opportunities of businessmen and economic entities for building a sound economic partnership.-PR
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