RI, Pakistan sign deal

RI, Pakistan sign deal

KARACHI, Pakistan (Reuter): The state-run Trading Corporation of Pakistan (TCP) said yesterday it had signed an agreement with the Indonesian Chamber of Commerce and Industry (KADIN) to increase bilateral trade to US$1 billion in next two years from $211 million in 1994/95 (July-June).

A TCP spokesman said under the agreement, signed on Monday, Indonesia would export palm oil, tea, polyester yarn, petro- chemicals, aircraft and machinery and Pakistan would export rice, cotton yarn and fresh fruits.

Indonesia will hold a trade fair in Pakistan from September 12 to 16, he said.