Jordan, Pakistan discuss ways to strengthen economic relations
30/09/2021
The Board of Directors of the Jordanian Businessmen Association (JBA) discussed on Thursday, with the Pakistani Ambassador to Jordan, Sajjad Ali Khan, mechanisms for strengthening the two countries' economic relations and their future prospects, as well as the role of the business community in this regard.
The JBA head, Hamdi Tabba'a, said the two countries' economic relations "fall short of ambitions," which requires intensified efforts to strengthen ties, by establishing a joint Jordanian-Pakistani Business Council from the JBA and a competent Pakistani institution, stressing the need for joint investments and industries.
Tabba'a called on the Pakistani business community to learn about Jordan's investment opportunities as a "safe" investor destination, which has "various, rich" investment opportunities in various economic sectors, especially in health, tourism, telecom, information technology and agriculture.
Tabba'a and Khan, during the meeting, agreed to develop an action plan for the next year to build "strategic" partnerships in investment areas of common interest.
Khan, for his part, pointed to various opportunities, which would develop investment relations and improve and expand the base of exchanged goods between the two countries.
The diplomat also stressed the embassy's readiness to cooperate with the JBA to network the two countries' business communities.
On efforts to enhance cooperation, the envoy said efforts are being made to develop agricultural exchange and set a joint agenda for this purpose, in coordination with the Ministry of Agriculture.
The Kingdom's exports to Pakistan amounted to $11 million last year, focused on fertilizers, pharmaceutical products, iron and steel, and chemical products, compared to $29 million in imports of fabrics, textiles, oilseeds and grains.