A delegation of high-level Rwandan businesses is in Pakistan where they are hosted by the Lahore Chamber of Commerce and Industry (LCCI) as part of the efforts to explore trade opportunities, as well as foster bilateral relations between both countries.
The visit included B2B meetings and discussions on the extensive potential for collaboration in trade and investment between Rwanda and Pakistan.
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Kashif Anwar, LCCI President, underscored the economic significance of Rwanda in the region.
Anwar urged the Rwandan delegates to explore the diverse opportunities within the Pakistani market, stressing Pakistan’s readiness to meet Rwanda’s import needs with high-quality products at competitive prices.
The High Commissioner of Pakistan to Rwanda, Naeem Khan, praised Africa as a land of opportunities and described Rwanda as the "Singapore of Africa,” experiencing rapid development.
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Khan mentioned Rwanda’s business-friendly environment, marked by safety, cleanliness, and green initiatives, with a streamlined one-window operation for facilitating businesses.
Both parties stressed the need to direct trade routes between Pakistan and Rwanda, eliminating reliance on third countries.
The High Commissioner expressed interest in joint ventures across various sectors, including agriculture machinery, rice, pharmaceuticals, sports equipment, and the IT sector.
The Rwandan delegation was also briefed on Pakistan’s strengths in the pharmaceutical, automotive, furniture, gems, and jewellery, as well as construction materials, and safety equipment industries.
The delegation led by the Commercial Attaché, Samuel Abikunda, conveyed Rwanda’s interest in strengthening partnerships, underscoring Rwanda’s positive Ease of Doing Business index and its status as a safe country for business.
Rwanda kept its second position on the continent in the World Bank’s annual Doing Business indices.
According to Doing Business 2023, the country is among a few economies in Sub-Saharan Africa that improved their business climate ranking just behind Mauritius in Africa.