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Diplomats’ role crucial for economic turnaround: Kashif Anwar

Lahore, March 05, 2014 (PPI-OT): As many as twenty one diplomats from 17 countries on Wednesday visited the Lahore Chamber of Commerce and Industry, discussed economy, Chambers role in the economic growth, establishment of new businesses and capacity building of entrepreneurs.

The LCCI Vice President Kashif Anwar gave the briefing to the diplomatic team, headed by Director General Foreign Services Academy Murad Ali. LCCI Executive Committee Members Mian Muhammad Afzal, Zafar Mehmood, former EC member Waqar Ahmad Mian and Secretary General Saqlain Naqvi also spoke on the occasion.

The LCCI Vice President Kashif Anwar informed the visiting diplomats about the various initiatives being taken by the LCCI for the revival of the economy. He said that the Lahore Chamber was planning to hold three single country exhibitions to promote Pakistani merchandise at global business destinations.

He said that besides these exhibitions, the LCCI regularly sends and receives business delegations to highlight the soft image of the country.

He said that the LCCI had established a Mediation Centre at its premises with the help and cooperation of International Finance Corporation for the out-of-court settlement of business disputes. A number of businessmen having business disputes had already availed the opportunity to get their cases resolved amicably with the help of Mediation Centre.

About the role of diplomats, he said, their role for the economic well being of any country was beyond doubt because they have enough knowledge to portray economic potentials of any country to the outer world and thus pave way for foreign investment.”

Kashif Anwar said that that in the developing trade scenario, it is necessary that the developing economies enhance trade amongst themselves. There is a need to prioritize Afro-Asian partnership. That can either be in the form of regional blocs such as ECO, African Union or through other bilateral cooperation. ECO, which has remained dormant for quite a long time should be activated. Pakistan has a specific importance due to its strategic location.

It is a gateway to Central Asian States. The development of Gwader Deep Seaport and highways in Pakistan is going to give a jumpstart to the trade of Central Asian states in the regional context and worldwide. These land locked countries would be easily accessible to the Afro-Asian countries.

He said that the primary objective of Lahore Chamber of Commerce and Industry is to protect and promote the interests of the business community and it acts as a bridge between the government and the business community.

The LCCI Vice President urged the diplomats to identify tradable items, which leave a lot of room for product/market diversification. The basics for such exercises stem in the exchange of information between the diplomatic missions and the Chambers. He said the diplomats should also promote investment and trade between the states.

He said that building long-term economic ties are the best guarantee of peace in this world and the diplomats has a key role in this regard.

For more information, contact:
Shahid Khalil
Information Department
Lahore Chamber of Commerce and Industry (LCCI)
11-Shahrah-e-Aiwan-e-Tijarat,
Lahore -54000, Pakistan
Tel: +9242 111 222 499
Fax: +92 42 636 8854

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