By Stephen Wandera Ouma
KAMPALA – A business delegation from Pakistan is expected in the county at the end of this month in a bid to boost trade ties between the two sister countries. According to Mr Azhar Malik, Managing Director, Al-Malik Group and coordinator of the visit, the delegation is to explore trade and investment.
“I have just returned from Karachi, the capital of Pakistan where I met various business communities. I invited them to come and investment in Uganda of which they showed interest. The coming this month but the date is not yet set,” he told New Vision September 8, 2021.
Asked what were their concerns about Uganda, Malik said, “They were keen on security for their investments of which I assured them is okay. They also asked me about the market and I guaranteed them it is there not only in Uganda but also in DR Congo, South Sudan, Rwanda and Burundi.”
He said the expected delegation is interested in investing in agriculture especial value addition, health, oil and education that will improve trade imbalance that is in favor of Pakistan.
Uganda’ imports from Pakistan was US$34.84 Million during 2020, according to the United Nations COMTRADE database on international trade. In the same year, Uganda exports to Pakistan was only US$13.66 Million, a trade imbalance of US$21.18 million.
To strengthen the relationship, Malik said Pakistan has decided to open an embassy in Kampala in three months’ time. Currently, Pakistan only has a Consulate in Kampala with the embassy in Nairobi that serves, Uganda, South Sudan, Rwanda and Burundi.