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Pak, Canada can boost trade to $2b in short span

Pak, Canada can boost trade to $2b in short span

LAHORE: A delegation of Legislative Assembly of Ontario, Canada, led by Patrick Brown, has called on All Pakistan Business Forum President Ibrahim Qureshi and discussed ways to boost trade ties between the two countries.

Patrick Brown said that Pakistan and Canada can get mutual benefit through cooperation in energy, fertilizer, education and agriculture fields and a little sector-specific effort could enhance bilateral trade volume to at least $2 billion in a short span of time.

Brown pointed out that there were around 350,000 Pakistan origin Canadians in Ontario and now the third and fourth generation were taking their place as productive members of society in a wide variety of professions, businesses and vocations. Many such Canadians feel strongly about contributing to the betterment of the people of Pakistan. This group is also a natural bridge in promoting commerce and trade between the two countries.

He identified several areas including power, fertilizer, education and the agriculture sector for cooperation. With consistent efforts these areas could attract investment and technical know-how from Canada to Pakistan while Canadian business could benefit significantly from a large and growing middle class of consumers in Pakistan.

Among others, the delegation included Salma Ataullah Jan (Canadian Senator of Pakistani origin), President of Canada Pakistan Business Council (CPBC) Samir Dossal and acting High Commissioner Andrew Turner.

On this occasion, All Pakistan Business Forum (APBF) and Canada-Pakistan Business Council agreed to enhance trade and investment in Pakistan through joint ventures.

Highlighting the importance of cooperation, APBF President Ibrahim Qureshi observed that there were a number of sectors that had a huge potential for cooperation, adding livestock and agriculture were the two areas in which cooperation could benefit both countries.

Ibrahim Qureshi said that the visit of Canadian delegation would help explore such business opportunities where people from both the countries could jointly start business ventures.

He said that Pakistan is not only self sufficient in food sector but also has the capacity to supply processed food. He said that APBF and Canada-Pakistan Business Council (CPBC) cooperation will be a landmark in developing trade and economic ties between Pakistan and Canada. It will have an effect of direct investment on project-to-project basis and to enhance market access for Pakistani goods to the Canadian market.