Kenyan High Commissioner Urges Stronger Trade Ties with Pakistan

Kenyan High Commissioner Lieutenant General Peter Mbogo Nijru (retd) urged Pakistani businesses at the Faisalabad Chamber of Commerce & Industry to enhance trade, aiming to double the current USD1 billion bilateral volume over five years. He highlighted Kenya as a gateway to Africa, offering duty-free exports to other African nations and access to US and China markets via existing free trade agreements. Sectors identified for collaboration include IT, pharmaceuticals, textiles, and light machinery. This long-term trade expansion could gradually strengthen Pakistan's export base and foreign exchange earnings, potentially offering support to the Pakistani Rupee in the future.

بحوالہ / Source: www.brecorder.com