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KARACHI, Dec 09 (APP): Ambassador of Kingdom of Morocco, Mohamed Karmoune, Tuesday, stated that Morocco and Pakistan possess immense potential for cooperation across multiple sectors, including solar energy, wind energy, green technologies, and tourism.
The Moroccan envoy also highlighted excellent political relations with Pakistan while speaking at a meeting during his visit to the Karachi Chamber of Commerce and Industry (KCCI), and called for further focus on the economic and commercial fronts for enhancing bilateral economic relations and trade volumes.
The meeting, according to a statement issued here, was attended by Consul General of Morocco Mirza Ishtiaq Baig, President KCCI Muhammad Rehan Hanif, Senior Vice President Muhammad Raza, Vice President Muhammad Arif Lakhani, members of the KCCI Executive Committee, and members of the Pak–Morocco Business Council.
The ambassador urged the business communities of both the countries to work together to strengthen our economic partnership by exploring and seizing the business and investment opportunities. “Trade must become one of the most important pillars of bilateral relations between the two brotherly nations,” he emphasized.
Mirza Ishtiaq Baig, noted that bilateral trade between Pakistan and Morocco has reached US$800 million, and expressed optimism that with continued collective efforts, the trade volume could soon cross the US$1 billion mark.
Morocco, he emphasized, enjoys free trade agreements with Europe, 54 African nations in Africa, and Türkiye as well, offering an excellent opportunity for Pakistani businesses to leverage Morocco’s strategic access to these vast markets.
Earlier, President KCCI Rehan Hanif noted that Morocco holds a strategically significant position as a gateway between Africa, Europe, and the Middle East. Likewise, Pakistan serves as the economic hub of South Asia. This unique geographical and economic complementarity creates vast potential for expanding bilateral trade, attracting investment, and strengthening overall economic cooperation between the two brotherly countries.
He also pointed to significant untapped potential across a wide range of sectors as well as in logistics and shipping linkages between African and South Asian markets and said that Morocco, being a stable, progressive, and business-friendly country, offers an ideal gateway for Pakistani exporters and investors seeking entry into the African continent.
The KCCI president stressed on business-to-business engagements, exchange of trade delegations, sector-specific visits, and the signing of MoUs to deepen cooperation between both countries and assured KCCI support to facilitate these efforts and connect the Moroccan business community with Pakistan’s largest Chamber.