ISLAMABAD: Pakistan and Indonesia have strengthened their trade relations by signing business-to-business agreements and Memorandums of Understanding (MoUs) worth $10.7 million during the recent Trade Expo Indonesia. The deals, facilitated by the Special Investment Facilitation Council (SIFC), cover a wide range of sectors, including coconut products, gum, copal, cocoa, dried coconut, ginger, spices, consumer goods, and auto parts.
The agreements reflect collaboration between private companies, business institutions, and government bodies from both countries, reinforcing their commitment to enhancing economic ties. Both nations, members of the Organisation of Islamic Cooperation (OIC), have reiterated their focus on expanding cooperation in trade and mutual interests.
Indonesia’s acting Consul General, Teguh Wiyoko, lauded Pakistan’s participation in the expo, especially Sindh’s business community, calling it a positive step towards deeper economic engagement. Abid Nisar, Chairman of the Pakistan-Indonesia Business Council, highlighted the historical and cultural ties between the two countries as a foundation for future growth.
As a G20 member, Indonesia is poised to share its economic expertise with Pakistan, aiming to foster economic stability and strengthen bilateral relations under the initiatives led by SIFC.
