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AfricaMoney | August 20, 2017

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Mauritius & Pakistan boost trade bonds; discuss tax treaty & investment agreement

Mauritius & Pakistan boost trade bonds; discuss tax treaty & investment agreement

The High Commissioner of Pakistan, Major General Ulfat Hussain Shah, bid his farewell this Monday by paying a courtesy visit to Mauritius Prime Minister Aneerood Jugnauth at the Treasury Building after serving for two years in Mauritius. (Image: govmu.org)

Mauritius and Pakistan discussed bilateral relations and trade bonds at a meeting held Monday between the outgoing Pakistani High Commissioner to Mauritius, Major General Ulfat Hussain Shah, and the Prime Minister of Mauritius, Aneerood Jugnauth.

In terms of international trade boosting investment and increasing the import and export flows to Pakistan and vice versa, Major General Ulfat Hussain Shah noted that Mauritian exports to Pakistan are increasing and are going beyond its borders.

The High Commissioner of Pakistan bid his farewell by paying a courtesy visit to Mauritius Prime Minister at the Treasury Building after serving for two years in Mauritius.

Numerous subjects and issues of discussion concerning both parties took place during this meeting. They both drew attention to the benefits of the Double Taxation Avoidance Agreement (DTAA), which exists since 1995, and the Investment Promotion and Protection Agreement (IPPA) of 1997 for cross-border investments. 

Pakistani investments in Mauritius present exciting prospects in sectors such as: textiles and apparel; light engineering; tourism and leisure; construction; education; medical hub; and ICT.
 
Major General Ulfat Hussain Shah also highlighted that, during his service as High Commissioner of Pakistan to Mauritius, much has been achieved in various fields ranging from diplomatic and trade exchanges to education. He added that both countries are looking forward to strengthen and broaden existing avenues of cooperation and develop new ones.

Mauritius can serve as an example of peace, security, tolerance, unity and diversity for the rest of the world, he concluded.

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