Talking to journalists during his visit to Karachi Chamber of Commerce, he said that Canadian Investment Company had worked in Pakistan for long over mining gold and copper ores, but was ‘disappointed’ at attitude of federal and provincial governments; hopeful of a ruling in its favor in international arbitration.
He said that due to this state of affairs, the Canadian investors were reluctant to invest in Pakistan; however there was still a strong possibility of joint collaboration
between two countries in agriculture and Railways, and referring to recent demand of Pakistan railway engine(s), he said that Canada Pacific Railways could float its bid in this regard.
Expressing his regrets that trade volume between two nations was quite low, he cited this weakness as a prime reason for lack of any free trade agreement between two; while he also stressed that in order to fully enjoy the fruits of free trade agreement a mutual cooperation, understanding between two nations was imperative.
“(Besides), talks held regarding provision of investment security (FIPA) also failed to materialize” he regretted, adding that a round table conference under the auspices of Canadian High Commission, in collaboration with Faisalabad Agriculture University was also held, during which endeavors of joint collaboration in agro-field was deliberated.
He also announced that Canada had provided Pakistan with $ 20 million for anti-polio drive, $170 million for educational and $ 3 million for electoral reforms.
The Canadian High commission also held it utterly important for reaching out to international markets which surfaced as important states regarding regional trade with Pakistan.
He also stressed on Pakistan to concentrate on energy, infrastructure and transportation, while the traders would have to play their due effective role for mutual grade between two. (News Agencies)
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