The High Commissioner of the Islamic Republic of Pakistan to Nigeria , His Excellency , Umer Farooq said on Wednesday in Abuja that Nigeria and Pakistan trade volume has hit the 1 billion dollars mark.
He said this while addressing newsmen during an event organised to mark the national `Defence Day` of Pakistan.
Farooq said that the trade relationship between the two countries was hinged on their existing strong cooperation.
“My country is looking forward to improving bilateral ties with Nigeria, by December this year we hope to surpass the existing 1 billion dollars trade volume,’’ he said.
The High Commissioner called on both Pakistan and Nigeria authorities to operationalise an already signed Memorandum of Understanding (MoU), on trade and investment, with a view to enhancing economic development.
“I will also want to recommend for the two countries, to put in place right policies that will help in operating these MoU’s in various sectors of our economy,“he said.
According to him, both countries have a lot in common as developing nations particularly in areas of agriculture, manufacturing and industry.
He expressed the optimism that with right policies in place, Nigeria and Pakistan would witness rapid developments within a very short time.