AGL 22.90 Decreased By ▼ -1.83 (-7.4%)
AIRLINK 103.99 Decreased By ▼ -7.11 (-6.4%)
BOP 5.36 Decreased By ▼ -0.18 (-3.25%)
CNERGY 3.86 Decreased By ▼ -0.04 (-1.03%)
DCL 8.02 Decreased By ▼ -0.43 (-5.09%)
DFML 39.10 Decreased By ▼ -3.15 (-7.46%)
DGKC 86.95 Decreased By ▼ -2.65 (-2.96%)
FCCL 22.70 Decreased By ▼ -0.20 (-0.87%)
FFBL 40.59 Decreased By ▼ -1.39 (-3.31%)
FFL 8.89 Decreased By ▼ -0.15 (-1.66%)
HUBC 153.50 Decreased By ▼ -8.70 (-5.36%)
HUMNL 10.65 Decreased By ▼ -0.70 (-6.17%)
KEL 4.55 Decreased By ▼ -0.23 (-4.81%)
KOSM 3.90 Decreased By ▼ -0.16 (-3.94%)
MLCF 37.50 Decreased By ▼ -1.45 (-3.72%)
NBP 49.00 Decreased By ▼ -1.60 (-3.16%)
OGDC 134.15 Decreased By ▼ -2.96 (-2.16%)
PAEL 26.15 Decreased By ▼ -2.40 (-8.41%)
PIBTL 6.07 Decreased By ▼ -0.18 (-2.88%)
PPL 116.79 Decreased By ▼ -6.01 (-4.89%)
PRL 23.55 Decreased By ▼ -0.75 (-3.09%)
PTC 12.90 Decreased By ▼ -0.84 (-6.11%)
SEARL 57.25 Decreased By ▼ -2.80 (-4.66%)
TELE 7.45 Decreased By ▼ -0.31 (-3.99%)
TOMCL 35.74 Decreased By ▼ -3.66 (-9.29%)
TPLP 8.50 Decreased By ▼ -0.26 (-2.97%)
TREET 15.68 Decreased By ▼ -0.52 (-3.21%)
TRG 56.40 Decreased By ▼ -3.60 (-6%)
UNITY 33.40 Decreased By ▼ -1.00 (-2.91%)
WTL 1.18 Decreased By ▼ -0.04 (-3.28%)
BR100 8,433 Decreased By -274.3 (-3.15%)
BR30 26,639 Decreased By -1159 (-4.17%)
KSE100 80,118 Decreased By -1722 (-2.1%)
KSE30 25,681 Decreased By -584.1 (-2.22%)
Business & Finance

Niger plans to establish SEZ for Pakistan

  • Wants to attract investment in its landlocked western African country
  • Minister for Industries and Commerce says focus is on long-term trade relations
Published June 19, 2021

The Niger government is planning to establish a special economic zone (SEZ) for Pakistan as it looks to attract investment and the manufacturing sector in the landlocked western African country.

The development was shared by Gado Sabo Muctar, Niger’s Minister of Industries and Commerce, during his meeting with Federal Minister for Industries and Production Makhdum Khusro Bakhtyar.

The visit of Niger's cabinet minister was aimed at building on the priorities set by Niger's Government to boost economic ties with Pakistan.

Muctar, in a statement from the ministry, said the prime focus is to set up a joint working group for exchange of experience at both policy and operational levels for setting up SEZs, so that both countries could establish long-term trade relations.

Bakhtyar in his remarks said the current Pakistani government had launched the ‘Look Africa Initiative’ which envisaged various measures to enhance trade with Africa and increase outreach to major African economies.

The federal minister said that Pakistan is willing to tap the huge potential of Niger's market through bilateral trade cooperation in fields of textile, auto industry, mining, and agriculture.

China to help inject more investment into SEZs: Asim Bajwa

He underlined the importance of enhancing economic outreach through a formal structure accompanied by regular high-level contacts, government-to-government, and business-to-business interactions. Bakhtyar proposed to form a working group on industrial cooperation under the Joint Ministerial Commission between Niger and Pakistan.

Secretary Industries and Production, Ahmed Ali Sirohry, Ambassador of Pakistan in Niger, and representative of business community of Niger and FPCCI Pakistan were also present at the meeting.

Comments

Comments are closed.