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Friday, 29 May, 2009 | 01:01 AM PST |
ISLAMABAD: Pakistan has vast scope to enhance food product exports to Libya as the country imports about 75 per cent food products to fulfill its domestic needs.
This was stated by Pakistan Ambassador in Libya Jamil Ahmed Khan while giving a presentation to the local business community at Islamabad Chamber of Commerce and Industry.
He said that Pakistan will export 30,000 to 50,000 skilled workers to Libya by the end of this year under a MoU signed between the two countries during the recent visit of President Asif Ali Zardari to Libya.
He said that Libyan oil and gas sector projects were open for foreign companies and Pakistani businessmen should explore opportunities for investment in these sectors.
He said Libya had one of Africas highest per capita incomes of $14,500 with surplus budget of more than $25 billion and forex reserves of $134 billion.
Mr Jamil said Libya was gradually opening up its economy and liberalising trade. Private enterprises are encouraged to do business in Libya and Pakistani entrepreneurs should look for increasing their share in Libyan economy.
Pakistan can provide software, hardware and skilled workforce to oil companies in Libya. It could increase its exports to Libya of textile products, commercial goods, plastic products, score of items used in the housing sector from cement to wood, furniture, IT, oil and gas equipment, auto parts, sports goods, tractors, transformers, and telecommunication towers, he added.APP
Friday, 29 May, 2009 | 01:01 AM PST |
ISLAMABAD: Pakistan has vast scope to enhance food product exports to Libya as the country imports about 75 per cent food products to fulfill its domestic needs.
This was stated by Pakistan Ambassador in Libya Jamil Ahmed Khan while giving a presentation to the local business community at Islamabad Chamber of Commerce and Industry.
He said that Pakistan will export 30,000 to 50,000 skilled workers to Libya by the end of this year under a MoU signed between the two countries during the recent visit of President Asif Ali Zardari to Libya.
He said that Libyan oil and gas sector projects were open for foreign companies and Pakistani businessmen should explore opportunities for investment in these sectors.
He said Libya had one of Africas highest per capita incomes of $14,500 with surplus budget of more than $25 billion and forex reserves of $134 billion.
Mr Jamil said Libya was gradually opening up its economy and liberalising trade. Private enterprises are encouraged to do business in Libya and Pakistani entrepreneurs should look for increasing their share in Libyan economy.
Pakistan can provide software, hardware and skilled workforce to oil companies in Libya. It could increase its exports to Libya of textile products, commercial goods, plastic products, score of items used in the housing sector from cement to wood, furniture, IT, oil and gas equipment, auto parts, sports goods, tractors, transformers, and telecommunication towers, he added.APP