Shafiq elected Chairman PakSaudi Business Council
KARACHI—Chairman, Pak-Saudi Business Council (PSBC), Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Shaikh Mohammad Shafiq has said that Saudi import from the world in 2015 were $ 163.82 billion out of which Pakistan’s share was only 494.88 million (0.30%), which is not satisfactory. In a statement issued here on Friday, he said the trade figure for the year 2014, 2013 and 2012 were 0.33%, 0.30% and 0.29% respectively, which are not very encouraging.
Shaikh Mohammad Shafiq, who has been again elected as Chairman of PSBC, FPCCI, for the year 2016, said that it is very important to analyze why are we selling so little in the Saudi market. He said that we should come up with a strategy to enhance our value added products in Saudi Arabia. “Saudi Arabia’s fast-growing economy is creating opportunities for both exporters and investors. Our commercial counselor can play a vital role to boost Pakistani exports. They can arrange B2B meeting with Saudi importers. Single country exhibitions must be organized as well as FPCCI/TDAP should form frequent business delegation to visit Saudi Arabia for market exploration. Two years ago it was decided in the meeting of Pak-Saudi Business Council (PSBC) of FPCCI and Saudi officials at Jeddah.