The High Commissioner of the Islamic
Republic of Pakistan to Nigeria , His Excellency Umer Farooq said on
Wednesday in Abuja that Nigeria and Pakistan trade volume has hit $1
billion mark.
He said this while addressing newsmen during an event organized to mark the national ‘Defense Day’ of Pakistan.
Farooq said that the trade relationship between the two countries was hinged on their existing strong cooperation.
He said, “My country is looking forward
to improving bilateral ties with Nigeria, by December this year we hope
to surpass the existing 1 billion dollars trade volume.”
The High Commissioner called on both
Pakistan and Nigeria authorities to operationalise an already signed
Memorandum of Understanding on trade and investment with a view to
enhancing economic development.
He said, “I will also want to recommend
for the two countries, to put in place right policies that will help in
operating these MoU’s in various sectors of our economy.”
According to him, both countries have a
lot in common as developing nations particularly in areas of
agriculture, manufacturing and industry.
He expressed the optimism that with
right policies in place, Nigeria and Pakistan would witness rapid
developments within a very short time.
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