Australian HC Expects Modern Investment Treaty by December

Australian High Commissioner Timothy Kane expressed optimism for concluding a modern Pakistan-Australia bilateral investment treaty by December, replacing the 1998 agreement. Speaking at the LCCI, he highlighted the treaty's role in encouraging greater Australian investment and strengthening trade, particularly in agriculture and livestock. This agreement aims to send a positive signal to investors, fostering economic cooperation between the two nations. While a positive long-term development for Pakistan's economy, its immediate impact on gold or currency rates in Pakistan is likely to be limited.

بحوالہ / Source: www.brecorder.com