Australia impressed with Pakistan’s potential, Pakistani citrus, mangoes attracting foreign investment

Islamabad, July 19, 2012 (PPI-OT): Australia on Thursday said it is impressed with Pakistan’s natural and human resource potential which is matchless.

Some of the recent signs of growth in Pakistan are very inspiring as this country fulfils the criteria to become a developed nation soon, it said.

Pakistan is gateway to energy rich central Asian states, financially liquid Gulf states and economically advanced Far Eastern countries, said Melissa Kelly, Economic Counsellor of Australian High Commission while talking to Chairman FPCCI Standing Committee on Diplomatic Affairs Sheikh Humayun Sayeed and Chairman Media FPCCI Malik Sohail.

She said that Pakistan has world’s second largest salt mine, fifth largest gold mine, fifth largest coal reserves, seventh largest copper mine; it is a great consumer market and having a competent workforce, the fourth largest in the world.

Melissa Kelly who represents 13th largest economy in the world, 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.

“Despite numerous challenges Pakistan’s economy was faring well which is very encouraging,” she added.

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

All major international investors and companies are making profits despite the security challenges, he said.

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. Former High Commissioner Tim George remained much closed to the local business community and his services will be long remembered, he said.

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

Malik Sohail said that the perception about Pakistan is not what is portrayed, we are better than most of the regional countries in ease 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.

For more information, contact:
Syed Masood Alam Rizvi
Secretary General
Federation of Pakistan Chambers of Commerce and Industry (FPCCI)
B-1, Federation House, Main Clifton Road,
Karachi-75600, Pakistan
Tel: 0092-21-35873691, 93-94
Fax: +9221 3587 4332