Prime Minister Muhammad Shehbaz Sharif, on Tuesday, reiterated that Pakistan was keen to further enhance its economic relations with Indonesia.
Talking to a five-member delegation led by Indonesia’s Minister for Investment and Downstream Industry Rosan P. Roeslani that called on him, the prime minister said that Pakistan and Indonesia shared decades-old brotherly relations which continued to grow stronger with the passage of time.
He further said that Pakistan wished to take benefit from Indonesia’s experience with the Sovereign Wealth Fund model.
The prime minister conveyed his best wishes to the President of Indonesia Prabowo Subianto and mentioned that his visit to Pakistan, last year, proved extremely useful and productive in further strengthening bilateral relations between the two countries.
He also referred to his meeting with the Indonesian President on the sidelines of the 58th Annual Meeting of the World Economic Forum.
The Indonesian minister conveyed a message of goodwill from President Prabowo Subianto and reaffirmed Indonesia’s commitment to further advancing bilateral relations.
Both countries agreed to accelerate efforts to transform the Preferential Trade Agreement into a Comprehensive Economic Partnership Agreement (CEPA) by 2027.
The Indonesian minister thanked the prime minister and the government of Pakistan for the warm welcome and hospitality extended during his visit to Pakistan.
Deputy Prime Minister and Foreign Minister Senator Mohammad Ishaq Dar held delegation-level talks with Indonesian Minister for Investment and Downstream Industry Rosan Roeslani, wherein they discussed the ways to strengthen Pakistan-Indonesia economic and investment ties.
Indonesian Minister Roeslani, who is also CEO of Indonesia’s Sovereign Wealth Fund (Danantara) is visiting here to hold comprehensive talks with the deputy prime minister on the prospects of enhancing Pakistan-Indonesia partnership in the domain of trade and investment.
Both sides reviewed potential collaboration opportunities and mutually beneficial projects, including the exchange of best practices and cooperation in priority sectors such as health.
Presentations were made by the Ministry of Finance, Special Investment Facilitation Council, and Board of Investment outlining Pakistan’s investment landscape, priority sectors and facilitation mechanisms, while also seeking Indonesia’s experience and expertise, including in sovereign wealth fund structures and downstream investment.
The deputy prime minister reaffirmed the shared commitment to longstanding bilateral relations based on mutual respect and cooperation, with mutual investment being a catalyst of Pakistan-Indonesia partnership.
The meeting was attended by the Minister for Health, SAPM Tariq Bajwa, Chairman of Board of Investment, National Coordinator SIFC, Secretary Finance, Acting Foreign Secretary, and other senior officials.
Earlier, Deputy Prime Minister Dar received Rosan Roeslani at the Ministry of Foreign Affairs.
Their discussions focused on strengthening Pakistan-Indonesia economic and investment ties, reviewing potential collaboration opportunities and mutually beneficial projects, including exchange of views on sovereign wealth fund models, and reaffirmed trade and investment as a key pillar of bilateral cooperation.