Beirut, 27 May 2022 (TDI): The Ambassador of Pakistan to Lebanon, Salman Athar, met with Muhammad Chokair, the Chairman of the Federation of Chambers of Commerce, Industry, and Agriculture in Lebanon.

The main agenda of the meeting was development. It also focused on strengthening bilateral relations in the field of trade and economic cooperation.

During the meeting, the chair of the federation chamber of commerce and the ambassador detailed discussions about the business community to discover the news mechanisms with decisive ways and means for better trade and economic ties between the two countries.

The ambassador also assured the businessmen of extending all possible cooperation to strengthen Lebanon’s business relations.

In this regard, he stated that “The government of Pakistan is focusing on trade diplomacy to strengthen the economy and a proactive approach is needed to explore new opportunities in foreign markets for export promotion.”

Keeping the Covid-19 pandemic in view, he suggested the arrangement of online meetings between the business communities of the two countries. This would facilitate interaction and exploration of new avenues of mutual collaboration.

He also emphasized that both nations possessed ample potential to cooperate in construction, tourism, power, education, and many other sectors.

Efforts to boost ties:

Many meetings took place during the Khan administration as well. These meetings worked on the agenda to enhance the bilateral trade volume between both countries.

The main foreign policy agenda focused to strengthen the development in the field of trade, industry, and agriculture. The Government of the Lebanese Republic and the Government of the Islamic Republic of Pakistan have signed an agreement on trade and investments. The purpose of the agreement was to stimulate private business initiatives and to increase the trading volume between the states.

It also intended to create and maintain favorable conditions for investments by Lebanese investors in Pakistan.

This agreement aims to encourage economic cooperation for the mutual benefit of both countries in economy and trade. Its main objective is to recognize the encouragement and contractual protection of investment in the trade. This would result in the prosperity of both States in the field of commerce and trade.

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