joint ventures

A delegation of the Afghanistan Industries, Mines and Investment High Council, headed by the Chief Executive Officer—Mohammad Shabir Bashiry paid a visit to the Islamabad Chamber of Commerce and Industry and conducted a meeting with the business community of Pakistan for discussing the options of forming joint ventures in the mining sector in Afghanistan.

The representatives of the Pak-Afghan Joint Chamber of Commerce and Industry and the embassy of Afghanistan Commercial Attaché Samina Wadeer were also the attendees at the occasion.

Mohammad Shabir Bashiry—the Afghanistan Industries, Mines and Investment High Council CEO said that Afghanistan’s private sector was taking interest in busying the counterparts of Pakistan in the mining sector, which has got an immense potential for development and growth. He asked the investors of Pakistan to set up JVs for promoting the mechanised mining in the nation.

Bashiry said that Afghanistan was still an untouched market for the Pakistani entrepreneurs and they should take complete benefit of the rising business options in Afghanistan.

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The embassy of Afghanistan Commercial Attaché Samina Wadeer said that the private sector of Pakistan could get an easy access to the Central Asian markets by making investments in Afghanistan. She also said that Afghanistan was an open market and investors of many nations were taking a major interest in it. But, she added that Afghanistan wants to give preference to Pakistan and its investors for the joint ventures and investments in the mining and other sectors.

While addressing the delegation, the ICCI President—Ahmed Hassan Mughal said that the peace in Afghanistan was the basic need for the promotion of business and other investment activities. He asked that Pakistan and Afghanistan should work together for the restoration of peace, which would definitely be giving a boost to the business activities.

He also mentioned that a lot of informal trade exists between the two nations that should be practised via formal and proper channels so that the economies of both nations could benefit from it.

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