KARACHI
\nPakistan and Indonesia reaffirmed their commitment to further strengthen bilateral trade and economic cooperation during the Indonesian Palm Oil Reception held here at a local hotel the other day. The event coincided with the official visit of Ms Dyah Roro Esty Widya Putri, Vice Minister of Trade of the Republic of Indonesia.
\nFederal Minister for Commerce, Jam Kamal Khan, attended the event as chief guest, accompanied by senior government officials and representatives of the business community, including Chairman Pakistan Vanaspati Manufacturers Association, Sheikh Umer Rehan, and other industry leaders. Also present were Eddy Martono, Chairman of the Indonesian Palm Oil Association (GAPKI), Ambassador of Indonesia to Pakistan, Lt Gen Sukutjo, and Consuls General from Indonesia and Malaysia.
\nAddressing the gathering, the Federal Minister expressed gratitude to the Embassy of Indonesia for organizing the event in Karachi, noting that such engagements provided an opportunity to showcase Pakistan\u2019s diversity, geography, economic strengths, and people beyond conventional narratives. He said that positive developments such as this reception reflected Pakistan\u2019s true image and deserved greater visibility in national and international media.
\nHighlighting the significance of palm oil in Pakistan\u2019s economy, the Minister noted that over 75 percent of Pakistan\u2019s population consumes edible oil imported primarily from Indonesia, making Indonesia an integral part of Pakistan\u2019s food chain, cuisine, and daily life. He appreciated the role of the Indonesian Palm Oil Association and Pakistani industry stakeholders for their continued contribution to bilateral trade.
\nThe Commerce Minister underlined that Pakistan and Indonesia enjoy deep-rooted relations, strengthened further by recent high-level engagements, including the recent visit of the President of Indonesia to Pakistan with a large delegation, and the continued frequency of ministerial-level exchanges. He said this demonstrated the importance both countries attached to expanding trade, commerce, and bilateral cooperation.
\nHe further highlighted Pakistan\u2019s expanding foreign diplomacy and trade outreach, particularly with ASEAN, Gulf, Central Asian, African, European, and US markets, adding that Pakistan was planning single-country exhibitions, including a proposed exhibition in Indonesia, to showcase Pakistani products and explore new market opportunities.
\nDuring the reception, a Memorandum of Understanding (MoU) was signed between the Government of Pakistan and the Government of Indonesia for the establishment of a Joint Trade Committee (JTC) to institutionalize trade dialogue and cooperation.
\nAdditionally, an MoU was signed between Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI) and Pakistan\u2019s Vanaspati industry, aimed at promoting collaboration in the palm oil sector through sustainable production, fair and balanced trade, innovation, and long-term partnership, under the theme \u201cIndonesia\u2013Pakistan: A Partnership for Shared Prosperity.\u201d
\nSpeaking on the occasion, the Indonesian Vice Minister of Trade highlighted 75 years of diplomatic relations between Pakistan and Indonesia and expressed appreciation for Pakistan\u2019s trust, reaffirming Indonesia\u2019s commitment to a fair, balanced, and sustainable trade partnership.<\/p>\n","protected":false},"excerpt":{"rendered":"
KARACHI Pakistan and Indonesia reaffirmed their commitment to further strengthen bilateral trade and economic cooperation during the Indonesian Palm Oil Reception held here at a local hotel the other day. The event coincided with the official visit of Ms Dyah Roro Esty Widya Putri, Vice Minister of Trade of the Republic of Indonesia. Federal Minister […]<\/p>\n","protected":false},"author":2,"featured_media":524949,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-524932","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business"},"yoast_head":"\n