B2B contact must for bilateral trade: Brunei HC

LAHORE: Business to business (B2B) contact is essential to increase bilateral trade between Pakistan and Brunei Darussalam, High Commissioner of Brunei Darussalam Dato Mahmud Saidin said on Friday.
The High Commissioner said Pakistan and Brunei Darussalam would have to make joint efforts to strengthen economic ties as despite having excellent relations, volume of mutual trade is very low.
“Investors from Brunei would certainly like to take benefit of the huge potential in Pakistan,” the High Commissioner said.
He said Pakistani entrepreneurs could initiate joint ventures with the counterparts in Brunei Darussalam in various sectors, adding that it is high time for that as the business community in Brunei Darussalam is quite impressed with the Pakistan’s growth.
He said the exchange of trade delegations between the two countries would definitely help boost the volume of bilateral trade and the Lahore Chamber of Commerce and Industry (LCCI) should arrange a visit as early as possible.
The LCCI President said Pakistan has a special place for Brunei due to fully facilitating defence cooperation agreement.
Both countries have common perception about harmony and peace. However, he regretted that the bilateral trade figures hardly reflect these relations.
He said that it is right time to invest in Pakistan owing to Pakistan’s economic performance and investment friendly policies of the government. There is no limit on foreign equity and one can freely transfer capital, profits and dividends to their country.