R.B
JF-Expert Member
- May 10, 2012
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The exportation of cement from Pakistan to Tanzania has enabled the Middle East's state to fetch over Tsh22bn ($15m), as it intends to invest into Tanzanian market. According to Pakistan's high commissioner to Tanzania, Mr Tajammul Alfat, his country looks to closer bilateral relations with Tanzania in a number of areas. Alfat said that about 35 Pakistan investors are in the country to secure investment opportunities in various areas particularly in construction of cement and fertilizer plant.
"The investment in cement factories by Pakistan firms will help reduce cost of Tanzania in importing cement," Alfat said last week in Dar es Salaam, during the flag hoisting ceremony which his Embassy hosted to mark 65yrs of the country's independence from Britain in 1947.
He said Pakistan is being interested to invest in Tanzania and East Africa due to Peace and stability found in the region. Already 35 investors have held talks with the Tanzania Investment Centre regarding various opportunities.
The High Commissioner was optimistic that bilateral trade between the two countries is likely to increase by over 50% come 2015 approximating the growth of more than $100m up from 70m$ last year .
"I commended Tanzania for its efforts to curb impediments that scare away investors adding that it is important move for the country in order to attract more investment partners," he said.
Early this month, the high commissioner paid a courtesy call on Hon. Dr. Abdallah Kigoda, Minister for Industry & Trade to discuss various proposals of cooperation between Pakistan and Tanzania. ///Minister Kigoda assured the high commissioner of major improvements that are coming to address the situation.
"We re happy that the minister pointed out that a clear policy was underway as Tanzania gears to becoming a hub for energy following discoveries of gas" he said.
Kigoda expressed optimism that for the Pakistan being medium-level income country having long experience in manufacturing sectors could play an instrumental role in economic development of Tanzania. He added that Tanzania could "capitalize on comparative advantages of Pakistan on the basis of win- win situation for the two countries."
The Tanzanian minister, identified sectors of textiles, oil and gas exploration, fertilizer and cement plants, leather processing and Special Economic Zones for investment from Pakistani investors, who will be offered incentives.
"The investment in cement factories by Pakistan firms will help reduce cost of Tanzania in importing cement," Alfat said last week in Dar es Salaam, during the flag hoisting ceremony which his Embassy hosted to mark 65yrs of the country's independence from Britain in 1947.
He said Pakistan is being interested to invest in Tanzania and East Africa due to Peace and stability found in the region. Already 35 investors have held talks with the Tanzania Investment Centre regarding various opportunities.
The High Commissioner was optimistic that bilateral trade between the two countries is likely to increase by over 50% come 2015 approximating the growth of more than $100m up from 70m$ last year .
"I commended Tanzania for its efforts to curb impediments that scare away investors adding that it is important move for the country in order to attract more investment partners," he said.
Early this month, the high commissioner paid a courtesy call on Hon. Dr. Abdallah Kigoda, Minister for Industry & Trade to discuss various proposals of cooperation between Pakistan and Tanzania. ///Minister Kigoda assured the high commissioner of major improvements that are coming to address the situation.
"We re happy that the minister pointed out that a clear policy was underway as Tanzania gears to becoming a hub for energy following discoveries of gas" he said.
Kigoda expressed optimism that for the Pakistan being medium-level income country having long experience in manufacturing sectors could play an instrumental role in economic development of Tanzania. He added that Tanzania could "capitalize on comparative advantages of Pakistan on the basis of win- win situation for the two countries."
The Tanzanian minister, identified sectors of textiles, oil and gas exploration, fertilizer and cement plants, leather processing and Special Economic Zones for investment from Pakistani investors, who will be offered incentives.
