Karachi (PR): Mr. Iqbal Dawood Pakwala, Vice President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) spent a busy day on the second day of the Expo 2012 holding meetings with the foreign delegates from U.S.A, India, Bangladesh, South Korea, Bahrain, Poland and Afghanistan etc who were being accompanied by the respective commercial counselors of Pakistan posted in these countries.
The Vice President discussed various proposals and suggestions with the foreign delegates for the promotion of bilateral trade with their respective countries. He further informed the foreign delegates that Pakistan is a land of opportunities for foreign investors in various sectors due to high rate of return with the facility of 100 percent equity and repatriation of profit. He also apprised the delegates that FPCCI has Joint Business Councils with their respective countries which are contributing significantly to bring the Business Community of both countries more closer.
While briefing the foreign delegates he informed that Pakistan has huge potential in the traditional goods exports to these countries like rice, sports goods, Mango, orange, surgical instruments, pharmaceutical, leather and textile products etc and at present the said countries have not been able to realize their full potential. Further he said, the people-to-people business interaction, mutual understanding and business community meetings can be beneficial for exploring the untapped market of respective countries. He also emphasized the Commercial Counselor posted in these countries to play their due role in promotion of bilateral trade and make an aggressive follow-up of the visit of foreign delegates to Pakistan . He was of the opinion that without follow up of the actions the real objectives can not be achieved.
He urged the foreign investors to come in Pakistan and make investment in energy and power projects, food processing, fisheries and aquatic-animal processing, cotton yarn, woven fabrics, construction, marble, granite, tourism, agro based industries etc. He further added that Pakistan is a very big market consisting of 180 million peoples and is the principal gate way to Central Asian Countries and has Strong and long-standing links with the Middle East and South Asian countries, which make Pakistan most viable for investment destinations.
He congratulated the Trade Development Authority of Pakistan on organizing this event successfully, and expressed hope that trade and investment would receive a further boost as a result of the Expo. The meetings were concluded with the presentation of the FPCCI Crest to the leader of the delegations.