Saturday, January 23, 2021

Kathmandu Invites Pakistani Investors To Boost Pakistan-Nepal Trade Relations

Owing to India, Nepal-Pakistan Bilateral Relations have always been sombre.  While speaking in Lahore, Nepal ambassador to Pakistan invited Pakistani investors to explore trade and investment opportunities in the Himalayan country. 

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While speaking at the Lahore Chamber of Commerce & Industry, the ambassador of Nepal, Sewa Lamsal Adhikari said that Nepal has a lot of investment opportunities for Pakistani investors.

Nepal has a huge potential for investment in the field of infrastructure, agriculture, sports, and especially in the hydropower sector. She also said that the two countries are working on the Free Trade Agreement between Nepal and Pakistan. The biggest obstacle is the lack of connectivity between the two countries through air and land route.

The ambassador said that Nepal will celebrate 60 years of relations between Nepal and Pakistan on the 20th of March. She said that Nepal highly values the relations with Pakistan. LCCI President Almas Hyder also extended his full support for the promotion of cultural and trade ties with Nepal.

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He invited Nepal to organise a cultural event, Nepal Food Festival or Nepal Nights in Lahore that would bring near the people of the two countries. He also invited a cultural delegation from Nepal to visit Pakistan. He also stressed on people to people interactions of both sides to promote unity.

The President of Lahore Chamber of Commerce, Almas Hyder emphasised saying, “Unfortunately, we didn’t seriously focus to enhance the trade relations and investment in Nepal and China and India were getting fruits. It is needless to mention that a lot of efforts are required to be done to boost the low level of bilateral trade.”

Further, he added that trade volume suggests that both countries need to make efforts for developing people to people contact, tourism, direct flights between Pakistan and Nepal for strengthening the bilateral trade. Hyder also said that the Lahore Chamber of Commerce will support the businessmen from Nepal.

More News at EurAsian Times

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