Czech busi­ness­men for pro­mot­ing trade re­la­tions with Pak­istan

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The par­tic­i­pants ac­knowl­edged that the trip was ex­tremely ben­e­fi­cial, es­pe­cially in terms of get­ting lat­est in­for­ma­tion on mod­ern tech­nol­ogy and op­por­tu­ni­ties for Pak­istani en­trepreneurs. Macfrut al­lows fruit and veg­etable busi­nesses from around the globe to ex­hibit their en­tire sup­ply chain and take part in B2B meet­ings. Pak­istan was one of the 15 coun­tries to par­tic­i­pate in the event.

Vice Pres­i­dent, Con­fed­er­a­tion of In­dus­try of Czech Repub­lic, Fran­tisek Chaloupecky said the busi­ness com­mu­nity of his coun­try was in­ter­ested in pro­mot­ing trade re­la­tions with Pak­istan, and would sup­port ev­ery ef­fort ini­ti­ated in this re­gard.

In a state­ment is­sued, he said in­for­ma­tion tech­nol­ogy, tele­com and soft­ware were the boom­ing sec­tors in Czech Repub­lic and Pak­istani econ­omy could ben­e­fit by pro­mot­ing co­op­er­a­tion in these ar­eas.

He was talk­ing to a del­e­ga­tion of Is­lam­abad Cham­ber of Com­merce and In­dus­try (ICCI) led by its Pres­i­dent Atif Ikram Sheikh. The ICC vis­ited the Czech Cham­ber of Com­merce and Con­fed­er­a­tion of In­dus­try of the Czech Repub­lic in Prague to ex­plore pos­si­bil­i­ties for busi­ness col­lab­o­ra­tions.

Chaloupecky said Czech Repub­lic was known for high qual­ity agri­cul­tural tech­nol­ogy and ma­chin­ery, and Pak­istan be­ing an agriculture coun­try could en­hance pro­duc­tiv­ity in co­op­er­a­tion with Czech Repub­lic.

Both sides dis­cussed the ways and means to fur­ther im­prove busi­ness re­la­tions. They stressed upon ex­chang­ing trade del­e­ga­tions to iden­tify new ar­eas of mu­tual co­op­er­a­tion and bring both coun­tries even closer in trade and eco­nomic fields.

Atif Ikram Sheikh said that Czech Repub­lic was an im­por­tant coun­try for Pak­istan for ac­cess­ing Euro­pean mar­kets. He said the bi­lat­eral trade of around $160 mil­lion be­tween the two coun­tries was far be­low the true po­ten­tial.

He said the main rea­son of low trade vol­ume was trade in a lim­ited range of prod­ucts. Pak­istan im­ports mainly toi­let pa­pers and tis­sues, milk pow­der, ma­chin­ery, prod­ucts of de­fence in­dus­try, tex­tile ma­chines, and ma­chine tools, whereas the ex­ports mostly com­prise tex­tiles and gar­ment prod­ucts.

Sheikh stressed that both coun­tries should fo­cus on di­ver­si­fi­ca­tion of trade to im­prove the trade vol­ume. He briefed about the in­vest­ment po­ten­tial in var­i­ous sec­tors of the Pak­istani econ­omy.

He said China Pak­istan Eco­nomic Cor­ri­dor would start a new era of busi­ness and in­vest­ment op­por­tu­ni­ties in Pak­istan, es­pe­cially in in­fra­struc­ture de­vel­op­ment, en­ergy, and other sec­tors. Pak­istan was lo­cated at the cross­roads of three im­por­tant re­gions with easy ac­cess to lu­cra­tive mar­kets in Cen­tral Asia, Mid­dle East, and South Asia. Sheikh said it was good time for Czech in­vestors to ex­plore Pak­istan for in­vest­ment and joint ven­tures.

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