Nigeria and Pakistan trade volume has leaped to $1 billion, the High Commissioner of the Islamic Republic of Pakistan to Nigeria , His Excellency Umer Farooq said on Wednesday,September 8, in Abuja.
Farooq revealed this while addressing men of the press during an event organised to mark the national ‘Defence Day’ of Pakistan.He said that the trade relationship between the two countries was hinged on their existing strong cooperation.
The Envoy said: “My country is looking forward to improving bilateral ties with Nigeria, by December this year we hope to surpass the existing 1 billion dollars trade volume.”
The High Commissioner called on both Pakistan and Nigeria authorities to operationalise an already signed Memorandum of Understanding on trade and investment with a view to enhancing economic development.
He said:“I will also want to recommend for the two countries, to put in place right policies that will help in operating these MoU’s in various sectors of our economy.”
He noted that both countries have a lot in common as developing nations particularly in areas of agriculture, manufacturing and industry.
