Karachi, 9 February 2023 (TDI): The Ambassador of Indonesia to Pakistan, Adam M. Tugio met with Abid Nizar, Chair of the Pakistan-Indonesia Business Council, and other PIBC executives.
The agenda of the meeting was to discuss ways to expand trade between the two friendly nations. Ambassador Tugio thanked PIBC for its role in boosting bilateral trade.
Likewise, he urged it to assist in identifying markets where Pakistani manufacturers have a significant competitive advantage.
In this vein, the Envoy continued, “We take note of the importance of having more balanced trade for relationships that benefit both parties, and the Embassy will do our best to assist in locating potential business partners in Indonesia.”
According to Ambassador Tugio, the two nations produced high-quality goods that could complement one another. Indonesia provided polyester and vinyl, and Pakistan is renowned for producing the best textiles and clothing.
He also mentioned that the majority of the world’s spices, which make up “garam masala,” were produced in Indonesia asserting that both Indonesians and Pakistanis enjoyed spices.
Along these lines, the Ambassador of Indonesia and Pakistan’s exports of spices to Europe and the US are rising as a result of rising overseas Pakistani demand.
Moreover, the Envoy made reference to a Chamber of Commerce study that identified this upward trend while also pointing out that Pakistan continued to import some spices.
He said, “Since Indonesia is the world’s biggest exporter of spices, we can team up to produce the best quality of garam masala for Pakistani overseas in those continents.”
The interest of some Indonesian investors in making investments in Pakistan was also mentioned by Ambassador Tugio, who also referred to Pakistan’s geoeconomic and geostrategic position as a trade hub for Central Asia.
Also read: Ambassador urges Pakistani entrepreneurs to explore business opportunities in Indonesia
The Envoy stated that “CPEC infrastructure will contribute to enhancing trade connectivity in the region and to Central Asia.”
Additionally, he urged businesspeople in Pakistan to take part in the “Pakistan-ASEAN Trade Exhibition” being held in Jakarta in May by TDEP and to look into additional business opportunities with ASEAN trading partners.
Pakistan-Indonesia Business Council (PIBC)
PIBC was established as a component of FPCCI to advance two-way trade between Pakistan and Indonesia. The Indonesian government gave Abid Nisar, Chair of the Pakistan-Indonesia Business Council, its highest honor, the “Primaduta Award,” in recognition of his outstanding contributions to bilateral trade.
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