Pakistan and Indonesia bilateral trade hits highest level of history
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KARACHI:
The value of bilateral trade between Indonesia and Pakistan soared to a record level of $3.9 billion in 2021 despite the outbreak of Covid-19 pandemic, revealed Indonesian Consul-General in Karachi Dr June Kuncoro Hadiningrat.
Speaking at a business-to-business hybrid meeting organised by Indonesian Consulate General in Karachi at a local hotel on Saturday, Hadiningrat stated that bilateral trade witnessed a surge of around 56% on a year-on-year basis as it stood at $2.5 billion in 2020.
Prior to this, the two nations posted largest trade value of $3.1 billion in 2018, he recalled.
“This meeting is part of our efforts to accelerate the post-Covid-19 economic recovery that is in line with the G20 presidency of Indonesia in 2022,” he underlined. “It also signals the gradual start of a physical (on-site) exhibition in Karachi to boost economic activities,” he added.
Under economic diplomacy, the Indonesia-Pakistan web portal received inquiries from 123 Indonesian companies and 115 Pakistani firms in 2021, which generated direct trade transactions worth over $9.84 million, Hadiningrat underlined.
