Ishaq Dar, Indonesian minister reaffirm Pakistan-Indonesia cooperation

ISLAMABAD: Deputy Prime Minister and Foreign Minister Senator Mohammad Ishaq Dar on Tuesday received Indonesian Minister for Investment and Downstream Industry and CEO of the Indonesian Sovereign Wealth Fund Danantara, Rosan Roeslani, reaffirming Pakistan and Indonesia’s resolve to enhance bilateral cooperation in various sectors.

Addressing the opening session in his welcome note, DPM Dar said the visit was timely and pertinent, coming soon after the recent presidential-level exchanges between Pakistan and Indonesia, during which wide-ranging and productive discussions were held.

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He noted that both sides had engaged in agriculture, information technology, trade, economy, artificial intelligence, security and defence, and expressed satisfaction over the positive momentum in relations.

He said Pakistan and Indonesia, as the two largest Muslim-majority countries by population, shared strong bonds and considerable untapped potential for cooperation. Dar highlighted the close coordination between the two sides at multilateral forums, particularly the Organisation of Islamic Cooperation and the United Nations, as well as other international platforms.

Indonesian Minister Roeslani thanked the deputy prime minister and said that he had been directed by the Indonesian president to engage with Pakistan’s leadership and stakeholders to further strengthen collaboration. He said Indonesia firmly believed that significant unexplored potential existed between the two nations.

Sharing an overview of Indonesia’s economic structure, he said domestic consumption accounted for about 53 to 54 percent of economic growth, investment around 29 to 30 percent, government spending 7 to 8 percent and net exports about 2 percent, underlining the critical role of investment in Indonesia’s growth trajectory.

He said the Danantara Investment Fund was established in February 2025 through the consolidation of state-owned enterprises, bringing together 1,044 companies with total assets nearing one trillion dollars. He added that the fund reported directly to the president and reinvested dividends from state-owned enterprises without reliance on the government budget.

Roeslani expressed Indonesia’s openness to working with Pakistan in collaboration with investment funds and relevant offices, particularly in sectors such as palm oil, agriculture and other priority areas, and voiced optimism for productive and fruitful engagements during the visit.

Also read:President Zardari reaffirms commitment to strengthening Pakistan-Japan relations

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