Pakistan, Zimbabwe urged to strengthen trade ties

LAHORE: Zimbabwean Ambassador Titus MJ Abu Basutu has emphasised the need to strengthen economic relations between Pakistan and Zimbabwe to boost bilateral trade. Speaking at the Lahore Chamber of Commerce and Industry (LCCI) on Monday, the envoy acknowledged Pakistan’s support for Zimbabwe’s economic growth and underscored the importance of strong trade ties. He noted that the private sector and chambers of commerce in both countries could play a crucial role in unlocking new business opportunities.

“Both countries offer vast trade and investment opportunities and should leverage each other’s strengths,” the ambassador said. He added that the Zimbabwean government is keen to expand its relations with Pakistan and looks forward to strengthening trade partnerships.

The LCCI president highlighted the longstanding diplomatic ties between Pakistan and Zimbabwe. He noted that Zimbabwe, as a landlocked country in Southern Africa, relies on Mozambique and South Africa for access to sea trade routes. He also pointed out that Pakistan has recently increased its focus on the African continent.

Shad stressed Zimbabwe’s trade potential, noting that its global exports exceed $7.2 billion, while imports surpass $9.2 billion. “Pakistan has the capacity to meet Zimbabwe’s demand for agricultural products, pharmaceuticals, motorbikes, auto parts and apparel, among other goods,” he said.