Niger plans to establish a SEZ to attract Investment and Manufacturing Sector of Pakistan

Islamabad, June 18, 2021 (PPI-OT):Federal Minister for Industries and Production Makhdum Khusro Bakhtyar welcomed and met with his counterpart H. E Gado Sabo Muctar, Minister of Industries and Commerce this afternoon. Secretary Industries and Production, H.E Mr. Ahmed Ali Sirohry, Ambassador of Pakistan in Niger and representative of Business community of Niger and FPCCI Pakistan were also present at the meeting. The visit of Niger’s Cabinet Minister was aimed at building on the priorities set by Niger’s Government to boost economic ties with Pakistan.

In opening remarks, the Honourable Minister thanked the Government of Niger for extending support of Pakistan on Kashmir issue. He said that the GoP had launched ‘Look Africa Initiative’ during the tenure of current government which envisaged various measures to enhance trade with Africa and increase outreach to major African economies. While highlighting the Investment-friendly policies of government, the Minister said that Pakistan is willing to tap the huge potential of Niger’s market through bilateral trade cooperation in field of textile, auto industry, mining and agriculture.

The Minister underlined the importance of enhancing economic outreach through formal structure accompanied by the regular high-level contacts, government-to-government and business-to-business interactions. He proposed to form working group on industrial cooperation under Joint Ministerial Commission between Niger and Pakistan to embark upon joint ventures related to business and trade. During the meeting, H.E Mr. Muctar shared the plan of Niger’s Government to establish a special economic zone for Pakistan to attract investment and manufacturing sector from Pakistan in Niger. He said that prime focus is to set up a joint working group for exchange of experience at both policy and operational level for setting up SEZs, so that, both countries would establish long-term trade relations.

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