ISLAMABAD: Adviser to Prime Minister on Textiles Dr Mirza Ikhtiar Baig has said immense possibilities exist to expand the s[economic ties between Pakistan and Morocco.
“As a frequent business visitor to Morocco, I can visualise the immense possibilities that exist to expand economic ties,” Dr Baig said in his speech at Morocco-Asia Business Forum, says a press release.
He said because of its geo-strategic location, Pakistan is the natural hub of economic activities among various regions. Incidentally, he said, Pakistani surgical instruments are imported into Morocco through some European countries, which means higher cost for Moroccan buyers.
“We do not subscribe to the perception that developing countries are always each other’s competitors as exporters of raw material to the same markets. We believe, there are many complementaries and through collaboration, joint ventures, mutual investment and sharing of knowledge and expertise, we can develop beneficial win-win economic partnerships,” he said.
Dr Baig said in the last 10 years, Pakistan has made a significant investment in Morocco. “The Government of Pakistan has invested more than $120 million in a joint venture in the phosphate sector.
Pakistan private sector has also invested in oil and gas sector and is keen to enhance its investment. We would welcome similar investments from Morocco.”
