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Event Title: Investment Treaty between Pakistan and Kenya to boost investment cooperation, trade Linkages: Saleem Mandviwalla

Event Date: 2019-12-13

Kenyan President is expected to visit Pakistan soon to further strengthen bilateral cooperation and explore new vistas of multi-sector collaboration. This was informed by High Commissioner of Kenya Professor Julius Kibet Bitok during a meeting with Deputy Chairman Senate Saleem Mandviwalla at the Parliament House on Friday. Deputy Chairman Senate observed that visit of the Kenyan leader would augur well for both the countries and would give impetus to friendly ties between Islamabad and Nairobi.

 

Senator Mandviwalla said that Pakistan considers Kenya an important country and desires to further enhance mutual cooperation in diverse sectors. He emphasized the need for further enhancing trade and economic cooperation as much of the areas still remain unexplored. High Commissioner of Kenya informed that Pakistan is the largest importer of Kenyan tea and observed that there is large scope for exploring new opportunities.

 

Deputy Chairman Senate said that health is another sector in which both sides can initiate joint ventures. He however, emphasized the need for working out an investment treaty between Pakistan and Kenya to provide investors to come into interaction for exploring investment opportunities. He called upon the Board of Investment to play a robust role in this regard.

 

Senator Mandviwalla also highlighted the significance of parliamentary cooperation and enhanced institutional linkages. He said that Parliamentary cooperation needs to be enhanced through frequent exchange of delegations. He also extended invitation to the Speaker of the Kenyan Senate to visit Pakistan at a convenient time.