Pakistan, Australia to upgrade investment accord
Caption: Representational image.
Pakistan and Australia on Wednesday decided to review the bilateral investment accord (BIT) to strengthen trade relations, reported 24NewsHD TV channel.
According to government sources, Pakistan and Australia wanted to bring the 27-year-old investment accord as per the latest requirements.
The negotiations will be held between the two countries to bring the accord as per the latest requirements.
The last investment accord was signed in 1998. The new agreement will provide security to the investors and will strengthen trade relations between the two countries.
Reporter: Waqas Azeem