Pak to boost trade tie with Argentina

Islamabad: Relations between Pakistan and Argentina will be strengthened to enhance bilateral and economic ties between the two countries. This was stated by State Minister for Investment Saleem H Mandviwalla while talking to reporters after his meeting with Argentinean Ambassador, Rodolfo J Martin Saravia.

The ambassador told the minister that BAGO group of Argentina is investing in a joint venture with Ferozsons Laboratories. The joint venture will not only provide medicine for prevention of cancer and hepatitis C for Pakistani market at affordable prices but is also designed to produce these medicines in large quantity for Latin American region, he added.

The ambassador said that more companies are looking towards Pakistan as investment destination, and joint ventures for establishment of CNG stations, exploration of gas and development of tourism sector.