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Chinese delegation, Federation of Pakistan Chambers of Commerce and Industry for boosting investments opportunities

Karachi, August 16, 2017 (PPI-OT): A delegation of Chinese led by Ms. Li-Jial Director of China Tianchen Engineering Corporation (TCC) in China visited Federation of Pakistan Chamber of Commerce and Industry (FPCCI) on Tuesday. The Delegation was welco...

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1st Annual China Mechanical and Electrical Machinery exhibition will be held from 9th-11th September 2017

Lahore, August 16, 2017 (PPI-OT): Pak China Joint Chamber of Commerce and Industry is co-sponsoring a mega event – 1st Annual China Mechanical and Electrical Machinery exhibition to be held at Lahore Expo Centre commencing from 9th-11th September 2017. It was disclosed by Mr. Wang Zihai, President Pak-China Joint Chamber of Commerce.

Mr. Wang told that the Trade Fair is being jointly organized by Ecommerce Gateway Pakistan (Pvt.) Ltd and Linyi Trade City China with the extensive support of Pakistan-China Joint Chamber of Commerce and Industry (PCJCCI). He said that the purpose to plan such an exhibition and trade fair is to bring the Chinese companies and Pakistani companies together for mutual cooperation in the relevant fields.

He informed that this expo is mainly planned by some of the biggest Chinese Companies who are seeking for the Pakistani top Businessmen to participate in this mega trade fair. He told that PCJCCI has invited more than 250 Chinese companies to participate in this trade fair to exhibit/show case their products for highlighting products’ features and eventually to find JV partners in these key segments of economy.

Mr. Fa, the Chinese organizer of this event informed that top level Chinese companies related to machinery manufacturing are participating in this expo and the sectors for exhibition mainly include but not limited to the Construction Machinery, Energy Vehicles, Water Treatment Technology, Precision Machinery, Electrochemical, Electric Appliances, Household Appliances, Building Material, Tube Industry, Plastic Industry, Laser Marking Machines, Commercial and Trading, Hydraulic Pressure Machinery, Lighting, Advertising material, Labour protection products, Kitchenware etc.

Salahuddin Hanif, Secretary General PCJCCI highlighted the significance of this trade fair for Pakistani manufacturing companies. He said that this mega Trade Fair is organized by the joint efforts of PCJCCI and E-Commerce Gateway. We are trying our level best to attract Chinese investors in potential market of Pakistan and relevant stake holders must participate to encourage our endeavours for mutual development. He assured that PCJCCI is putting utmost efforts in making this exhibition successful and advantageous for Pakistani and Chinese brethren.

To ensure the participation of each and every relevant Pakistani company, PCJCCI is directly arranging the meetings of Chinese organizers of this Trade fair with the Pakistani machinery manufacturing companies so that they can know the prospects available for them in this event. PCJCCI pliably invites all the relevant stakeholders to participate in this mega event and assures full cooperation to facilitate any candidates interested to participate or meet with Chinese.

For more information, contact:
Media Manager,
Pakistan China Joint Chamber of Commerce and Industry (PCJCCI)
Mega Tower, 309 – 6th Floor,
Main Boulevard, Gulberg II,
Lahore, Punjab – Pakistan
Tel: +92-42-35777460-02, +92-42-37032203, +92-42-35874353
Fax: +92-42-35777524
Cell: +92-324-4925611
Email: info@pcjcci.org
Website: www.pcjcci.org

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Ruthless exploitation of water resources should be stopped

Karachi, August 15, 2017 (PPI-OT): The Federation of Pakistan Chamber of Commerce and Industry (FPCCI) on Tuesday said vulnerability of the people to frequent water shortages should be properly addressed. We are a nation which is dependent upon agricul...

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State Bank should not veil economic snags

Islamabad, August 15, 2017 (PPI-OT): Islamabad Chamber of Small Traders on Tuesday said the State Bank of Pakistan should not hide economic weaknesses in its reports as it will damp down its reputation. It asked the State Bank of Pakistan to present the true picture of the economy and refrain from issuing encouraging statements. The situation on the ground seems very different from what the central bank is trying to portray while the country’s ability to repay debt has been eroded, said Patron Islamabad Chamber of Small Traders Shahid Rasheed Butt.

The statements of the top officials of the bank regarding country’s debt-servicing capacity, remittances, investment, and exports are questionable at best, he added. He said that confidence of the masses and the business community in the central bank is essential for the smooth functioning of the financial system, therefore, responsibility of issuing highly optimistic statements should be left to the politicians.

SBP has repeatedly termed fall in exports, remittances and investment as temporary which is contrary to the ground realities. The central bank has reassured that exports will pick up which is over optimism as assurance will not change the ground realities, he added. The business leader said that all the sectors that are necessary to boost reserves that include exports, remittances and investments that continue to slide therefore the claim of strong debt repayment capacity is amazing.

He said that if the situation continued without any betterment, the country will have to enter another IMF programme to retire debts as record borrowing has strained financial health of the country. Butt said that the government has failed to find alternatives for increasing its exports for long-term stability in foreign reserves.

For more information, contact:
Islamabad Chamber of Small Traders and Small Industry (ICSTSI)
24-D, 3rd Floor, Rashid Plaza Blue Area, Jinnah Avenue, Islamabad, Pakistan
Phone: +92-51-2801045
Email: icstsiofficial@gmail.com, info@icstsi.com.pk
Website: http://icstsi.com.pk/

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Lahore Chamber of Commerce and Industry delegation to visit Mexico

Lahore, August 11, 2017 (PPI-OT): Ambassador of Mexico Jose Alfonso Zegbe has said that Mexico can be a tangible and lucrative market for Pakistani products therefore Pakistani entrepreneurs must explore this huge untapped destination. He was speaking at the Lahore Chamber of Commerce and Industry. Director of Promexico for the Middle East Juan Cepeda, The LCCI President Abdul Basit, Senior Vice President Amjad Ali Jawa, Vice President Muhammad Nasir Hameed Khan, former Presidents Mian Anjum Nisar, Sohail Lashari, former Senior Vice President Malik Tahir Javed and Sultan Ali Lakhani also spoke on the occasion while Adnan Khalid Butt, Hassam Ali Asghar, Tahir Manzoor Chaudhry, Adnan Khalid Butt, Tariq Mahmood, Mian Muhammad Nawaz and Muhammad Arshad Chaudhry were present in the meeting.

The LCCI President Abdul Basit highlighted that in 2016, Pakistan’s total exports were worth Dollar 20.5 billion and out of that Mexico’s share was only 0.5%. Both countries should make effort to diversify bilateral trade as there is immense potential between two countries. The LCCI Senior Vice President Amjad Ali Jawa announced to lead a trade delegation to Mexico in 2018 to explore trade and investment opportunities.

The Ambassador said Mexico and Pakistan have good prospects for improving mutual trade and economic ties therefore businessmen of the both countries should take initiatives for tapping all areas of mutual cooperation. He said Mexican entrepreneurs are interested to know about Pakistan’s business procedures for setting up new businesses and potential areas of investment in Pakistan. He said Mexican economy is improving and diversifying.

It is good time that Pakistani businessmen should explore Mexico for business opportunities. He said that sustainable relations can be developed through removing the issues of double taxation and Intellectual Property Rights etc. He said that Mexican embassy will facilitate the businessmen who want to do business with Mexico. He invited the LCCI President to arrange a trade delegation for Mexico to explore trade and investment opportunities that would also set ground for joint ventures between the businessmen of the two countries.

Director of Promexico for the Middle East Juan Cepeda called for institutionalizing the channels to know more to each other. He said that Mexican embassy will ensure provision of trade fairs and exhibitions related information to the Pakistani businessmen. He said that Special Economic Zones and Textile Hubs are being established in Mexico. Mexico is gateway to the United States of America and Latin America. He informed the participants that Mexico has sent first consignment of Halal meet to Qatar and want to do work with Pakistan in this sector.

The LCCI President Abdul Basit said that Businessmen from both the countries should be encouraged to take more initiatives for exploiting the untapped potential of each other’s markets. Pakistan and Mexico have good prospects for improving trade but the bilateral trade figures do not reflect it.

He said that Pakistan major exports to Mexico include traditional textiles, rice, cotton and surgical instruments whereas Pakistan’s major imports from Mexico include plastic, industrial tubes and automotive parts. Furthermore Halal Food, food processing, pharmaceutical, auto-parts are promising sectors for mutual cooperation between the two countries. Abdul Basit Pakistan is enriched with great natural resources. It is a good time that Mexican entrepreneurs and businessmen should identify business processes and also explores ideas for setting up new businesses. We can help them out in marking the potential areas of investment in Pakistan.

“We really welcome the decision of Mexican Government for formally setting up their embassy in Pakistan. This step is going to be very essential in further improving our relations with each other. The role of Honorary Consul would definitely be very crucial in this regard. We have all faith on the abilities and vision of Mr. Sultan Ali Lakhani who belongs to a very notable business family of Pakistan.

He can also guide us as to how we can achieve maximum results in minimum time”, the LCCI President said and added that Pakistan is a gateway for Central Asia and Mexican investors can utilize its resources to capture these markets”, the LCCI President concluded. The LCCI Senior Vice President Amjad Ali Jawa announced to lead a delegation to Mexico in 2018 saying that Mexican untraditional market can be advantageous for Pakistani pharmaceutical and other sectors.

For more information, contact:
Information Department
Lahore Chamber of Commerce and Industry (LCCI)
Lahore -54000, Pakistan
Tel: +92-42-111-222-499
Fax: +92-42-36368854
Website: www.lcci.org.pk

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Economic growth of Pakistan impresses Korean companies

Lahore, August 09, 2017 (PPI-OT): Economic growth of Pakistan has impressed Korean companies and they are eager to establish and develop their business operations here in collaboration with their Pakistani counterparts. These views were expressed by the Speaker of the South Korean National Assembly Chung Sye Kyun while speaking at the Lahore Chamber of Commerce and Industry.

The LCCI President Abdul Basit, Senior Vice President Amjad Ali Jawa, Vice President Muhammad Nasir Hameed Khan, Provincial Minister for Industries Sheikh Alauddin and MNA Qaiser Ahmed Sheikh also spoke while Chairman TEVTA Irfan Qaiser Sheikh, Zafar Iqbal Ch., Zeeshan Khalil, Mian Abdul Razzaq, Awais Saeed Piracha, Mian Muhammad Nawaz, Tariq Mahmood, Tahir Manzoor Ch, Syed Mukhtar Ali and members of Korean Parliament were present on the occasion.

Chung Sye Kyun said that Pakistan is blessed with valuable mineral and human resources. He said that both countries are enjoying good historic relations while a number of Korean companies are already working in Pakistan successfully. He expressed the optimism that the volume of trade between Pakistan and South Korea was bound to increase as both the governments are taking measures to get the desired results. He said that the Korean delegation had a number of high-profile useful meetings with government officials and representatives of private sector.

The LCCI President Abdul Basit said that exchange of parliamentary delegations between Pakistan and Korea is indeed a commendable activity. South Korea is famous for its spectacular rise from under developed economy to developed, high income economy in just a few decades. It has a literacy rate of almost 100%. Its literacy, education and agrarian reforms translated into industrial growth.

He said that education paves the way for innovation and creativity. Industrial growth transformed the living standards for the marginalized group and this is the only way to improve the living standards. South Korea is one of the most popular destinations for higher studies. We need to enhance relations and liaison with South Korean Universities which will help us in producing hardworking and skilled employees.

Abdul Basit said that South Korea has one of the largest Pakistani communities in Asia. It also remains a popular destination for many Pakistanis as they find equal opportunities to contribute in that society and are playing excellent role in all the segments of life.

South Korea is pioneer in export led growth model. Pakistan needs advice to increase its exports. LCCI is in the process of formulating an industrial policy. We will welcome your support in this regard. He said that Halal food trade has US $300 billion potential. Pakistan can increase its exports by exporting Halal food to South Korea. In the area of Electronic, Electric Engineering and IT Pakistan and South Korea need to have strong ties.

“It is our good luck that today Parliamentarians from South Korea who have a great role in policy making are amongst us. We hope that our relations with Korea will improve and today’s meeting will go a long way in strengthening political as well as the trade and investment relations between the two countries. In 2015 the total volume of bilateral trade was US $997 million and in 2016 the total volume decreased to US $989 million. We need to promote bilateral trade with each other as there is immense potential between the countries”, the LCCI President concluded.

The LCCI Senior Vice President Amjad Ali Jawa invited the Korean investors to take full advantage of the trade and economic opportunities available in pharma sector of Pakistan at vast scale. Provincial Minister Sheikh Alauddin said that both countries have common history and supported each other during testing times. He said that South Korea has played a significant role in economic development of Pakistan and completed many mega projects including Islamabad-Lahore Motorway. He said that government is encouraging foreign investment. Korean investors should come forward and avail this opportunity.

MNA Irfan Qaiser Sheikh said that Pakistan and Korea were at the same stage in 60s but after that Korea has made considerable economic progress and became a role model for developing countries. He said that Korea has export-led growth and its experience in various fields can be useful for Pakistan.

For more information, contact:
Information Department
Lahore Chamber of Commerce and Industry (LCCI)
Lahore -54000, Pakistan
Tel: +92-42-111-222-499
Fax: +92-42-36368854
Website: www.lcci.org.pk

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