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Opportunities in Meat, Wheat and Cotton Joint Ventures with Egypt

Islamabad: Pakistani businessmen should explore the possibility of selling meat products and wheat to the Egyptian market, while some Pakistani businessmen can provide an example to learn from, for local businessmen who wish to set up textile plants in Egypt. This was stated by Mr. Said Hindam, the Ambassador of Egypt in Pakistan visited the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Head Office on Friday, April 6, 2012, and met leading members of the business community.

Mr. Hindam was greeted at the Federation House by Mr. Haroon Rashid Shaikh, Vice President-FPCCI. Also present on the occasion were Begum Salma Ahmed, Mr. Abdul Shakoor Khatri, Mr. Mohsin Shaikhani, Mr. Ubaidullah Qadri, Mr. Sohail Nisar, Syed Masood Alam Rizvi, Secretary General-FPCCI and Mir Nasir Abbas, Director General (International Affairs)-FPCCI.

In his welcome remarks, Mr. Haroon Rashid Shaikh thanked Mr. Hindam for visiting FPCCI and interacting with the business community. He urged Mr. Hindam to take up the matter of reactivation of the D-8 Forum with his government, which was headquartered in Cairo. He pointed out that Egypt could act as a stepping stone for Pakistan to markets in Africa and the Arab world. He also expressed the business community’s desire to hold a meeting with the Egyptian Commerce Minister when he will visit Pakistan later during the year.

Mr. Hindam mentioned that Egypt was presently importing most of its meat from Kazakhstan, which meant that Pakistan could potentially tap into a very large market. With regard to the trade in textiles, he said that Egypt had no quota regime, while opening L/Cs was very easy.

The Egyptian Embassy was also very helpful in providing legitimate businessmen with visit visas, while Egypt had good access to Western markets. All these factors meant that Pakistan should explore the Egyptian textiles market more keenly.

He said that he would take up the proposal of joint ventures in cotton with the concerned authorities in Cairo. He also asked the business community to consider the possibility of participation in the Textile Exhibition on 10th Ramadan and another trade fair on October 6 seriously. The meeting concluded with presentation of the FPCCI crest to Mr. Hindam.

For more information, contact:
Syed Masood Alam Rizvi
Secretary General
Federation of Pakistan Chambers of Commerce and Industry (FPCCI)
B-1, Federation House, Main Clifton Road, Shahra-e-Firdousi,
Karachi-75600, Pakistan
Tel: +9221 3587 3691
Fax: +9221 3587 4332
Email: info@fpcci.com.pk

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