Pakistan and Indonesia decide to enhance trade and economic relations, Few ratifications likely
JAKARTA – Pakistan and Indonesia have decided to enhance the bilateral trade and economic ties.
Few ratifications are also likely to be made in coming days.
Finance Ministe Asad Umar Wednesday met his Indonesian counterpart Sri Mulyani Indrawati on the sidelines of the World Bank/IMF Group annual meetings in Bali.
Both the sides discussed matters pertaining to expansion of bilateral cooperation between the two countries, the Press Information Department (PID) said in a statement.
The finance minister urged the Indonesian side to expedite the process of ratification of the additional tariff lines granted to Pakistan after comprehensive review of the Preferential Trade Agreement (PTA) in 2017.
Congratulating Asad Umar on assuming the office after recent elections in Pakistan, Sri Mulyani Indrawati reaffirmed Indonesia’s desire to expand bilateral relations and assured her support to address the points raised by the Pakistan side.
Finance Minister Asad Umar later had a meeting with World Bank President Dr Jim Yong Kim and reviewed the current level of Pakistan-World Bank cooperation.