Pakistan, Indonesia agree to expand trade, bilateral relations. October 11, 2018

Finance Minister Asad Umar has emphasized the need to expand trade relations between Pakistan and Indonesia.

Talking to his Indonesian counterpart, Sri Mulyani Indrawati at Bali in Indonesia, he called upon the Indonesian side to expedite the process of ratification of the additional tariff lines granted to Pakistan after comprehensive review of the Preferential Trade Agreement in 2017.

Sri Mulyani Indrawati reaffirmed Indonesia’s desire to expand bilateral relations and assured her support to address the points raised by the Pakistan side.

They also discussed matters pertaining to expansion of bilateral cooperation between the two countries.

Asad Umar also met the President of World Bank, Dr. Jim Yong Kim in which current level of Pak-World Bank cooperation was reviewed.

The Finance Minister is leading Pakistan’s delegation, consisting of the Governor State Bank, Secretary Economic Affairs Division and Special Secretary, Finance Division.

Over 15,000 delegates from 189 countries are currently gathered at Bali, Indonesia for IMF and WB Group Annual meetings.