Abbasi, Nepalese PM agree to boost bilateral trade, tourism | Pakistan

NEW YORK: Prime Minister Shahid Khaqan Abbasi met Prime Minister of Nepal Sher Bahadur Deuba on the sidelines of 72nd UN General Assembly Session in New York on Thursday, where the two figures agreed to expand bilateral trade and tourism.

PM Abbasi, during the meeting, referred to the cordial and friendly relations that have existed between the two countries over time. The Nepalese prime minister warmly reciprocated the sentiments.

The premier extended an invitation to PM Deuba to visit Pakistan, at his convenience, which the latter reciprocated with an invitation to PM Abbasi.

Expressing solidarity with the government and people of Nepal affected by the recent flooding and landslides, Abbasi said that Pakistan is providing financial assistance to Nepal to address the impact of the natural disaster.

The Nepalese prime minister underscored their commitment to make SAARC a constructive forum for the region and to support Pakistan for the holding of the next SAARC Summit in Islamabad.

The Pakistan premier thanked PM Deuba for his support and reiterated Pakistan’s commitment to make SAARC a successful forum for the benefit of the people of the region.

Both the leaders reaffirmed their commitment to further expand bilateral cooperation especially in the fields of trade and tourism.

WEF executive chairman calls on PM Abbasi

Executive Chairman World Economic Forum, Klaus Schwab, called on Prime Minister Shahid Khaqan Abbasi in New York on Thursday.

In his meeting with Pakistan premier, Schwab said that he was deeply impressed by recent developments in Pakistan’s economy.

“The recent transformation in Pakistan has given indication that the political stability is well anchored in the system that has boosted the confidence of the international business community,” he said.

In response, PM Abbasi said that China-Pakistan Economic Corridor (CPEC) is a leading investment vehicle. “Besides, we are also looking at other additional sources of investment from the West.”

Schwab invited the prime minister to WEF and said that he would like to place Pakistan’s success story at the forum. “Pakistan’s relations with the West are decades old and valued immensely,” he said.

He emphasised on engagement in the fields of health, IT and cybersecurity, in which Pakistan was making initial headway.

The premier agreed that there is much scope for cooperation in these fields.

Abbasi said his government is not only focusing on the public sector but also the private sector which is the main engine of growth to participate in the development.

They agreed to continue to engage and cooperate.

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