Pakistan-Indonesia Business Council Established

Foreign OfficePakistan-Indonesia Business Council Established

JAKARTA, Indonesia: The Foreign Secretary Dr. Asad Majeed Khan witnessed the Signing Ceremony for the establishment of the Pakistan-Indonesia Business Council held on July 13, 2023 at the Indonesian Chamber of Commerce and Industries (KADIN) in Jakarta.

Speaking on the occasion, the foreign secretary termed the establishment of Pakistan-Indonesian Business Council as an important step towards deepening of economic engagement and unlocking the vast potential within Pakistan-Indonesia partnership.

The foreign secretary expressed hope that the Council will serve as a catalyst for further economic cooperation by improving business-to-business interaction, promoting joint ventures, generating employment opportunities, and reducing poverty to build prosperous and resilient societies.

In his keynote address, the Chairman KADIN Arsjad Rasjid P. Mangkuningrat noted that Pakistan was an important non-traditional trading partner of Indonesia.

The Chairman KIDIN emphasized the immense potential for mutually beneficial economic ties between Pakistan and Indonesia and underscored the importance of long-term collaboration to unlock the untapped potential in both markets.

Arsjad Rasjid expressed KADIN’s readiness to host interactive sessions and networking opportunities and to explore potential collaboration and forming lasting partnerships.

Separately, the Foreign Secretary Dr. Asad Majeed Khan held an exclusive talk on ‘Foreign Policy of Pakistan’ at the Foreign Policy Community of Indonesia (FPCI), a prestigious think tank based in Jakarta.

In his address, the foreign secretary outlined Pakistan’s foreign policy priorities that include economic stability and growth, peaceful relations with neighbouring Countries, the Jammu and Kashmir dispute, developments in Afghanistan, engagement with East Asia especially ASEAN and relations with big powers including China and the United States.

Asad Majeed spoke at length about the multidimensional cooperation between Pakistan and Indonesia especially in political, economic, security, defence, tourism and cultural domains. He emphasized that the two Countries also engage closely in the framework of multilateral forums including the UN and the OIC.

The foreign secretary underlined the great potential of strategic cooperation and understanding between Pakistan and Indonesia as the two largest Islamic countries. He underscored the need to further explore new avenues of cooperation in the maritime domain, technology, digitisation, innovative economy and intellectual exchanges between the academia and think tanks of Pakistan and Indonesia.

Dr. Asad Majeed Khan also outlined Pakistan’s ‘Vision East Asia’ and the high importance Pakistan accords to its relations with ASEAN. He described Pakistan’s extensive cooperation with ASEAN as the oldest Sectoral Dialogue Partner and its readiness to become a Full Dialogue Partner for mutually beneficial cooperation.

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