LCCI, Stock­holm Cham­ber of Com­merce ink deal to en­hance trade

The Pak Banker - - 2national - Staff Re­porter

LA­HORE: The La­hore Cham­ber of Com­merce and In­dus­try on Tues­day signed an agree­ment of co­op­er­a­tion with Stock­holm Cham­ber of Com­merce by virtue of which both the or­ga­ni­za­tions would be paving the way for more busi­ness be­tween Pak­istan and Swe­den by bring­ing the trade op­por­tu­ni­ties to the lime­light.

The LCCI Pres­i­dent Shahzad Ali Ma­lik inked the Agree­ment of Co­op­er­a­tion on be­half of the La­hore Cham­ber of Com­merce and In­dus­try while Ms Char­lotte Kalin, the Vice Pres­i­dent, rep­re­sented the Stock­holm Cham­ber of Com­merce. Mr Fredrik Fexe, Vice Pres­i­dent Swedish Trade Coun­cil and Chief Ex­ec­u­tive Of­fi­cer of Pun­jab Board of In­vest­ment and Trade (PBIT) Saa­dat Muzaffar also spoke on the oc­ca­sion.

LCCI Se­nior Vice Pres­i­dent Sheikh Mo­ham­mad Arshad, Vice Pres­i­dent So­hail Azhar, Sec­re­tary Com­merce Fazl Ab­bas Maken, For­mer LCCI Pres­i­dent Mian Mis­bahur Rehman, For­mer Se­nior Vice Pres­i­dent Ejaz Mum­taz were prom­i­nent among oth­ers who at­tended the meet­ing. Speak­ing on the oc­ca­sion, Mr Fredrik Fexe, Vice Pres­i­dent Swedish Trade Coun­cil, said that Pak­istan was one of the most in­ter­est­ing places to do busi­ness. It has huge op­por­tu­ni­ties for Swedish com­pa­nies in Tele­com, En­ergy, Tex­tiles, Health­care, Con­struc­tion equip­ment and Ed­u­ca­tion sec­tors.

He said that Swe­den for be­ing an im­por­tant mem­ber of Euro­pean Union has a huge un­tapped po­ten­tial and the Pak­istani busi­ness­men should come for­ward to avail these op­por­tu­ni­ties.

The head of the Swedish del­e­ga­tion said that there is a dire need to de­velop a close li­ai­son be­tween pri­vate sec­tors of Pak­istan and Swe­den for ex­change of in­for­ma­tion and mar­ket re­search.

Mr Fredrik Fexe said that both the coun­tries need to iden­tify more trad­able prod­ucts to en­hance their mu­tual trade.

He said that Pak­istani busi­ness com­mu­nity would have to adopt an ag­gres­sive strat­egy to en­ter into Swedish Mar­ket be­cause Swedes are not only the qual­ity con­scious but very se­lec­tive and care­ful while mak­ing deals with other coun­tries.

In his de­lib­er­a­tions, Mr. Fredrik ap­pre­ci­ated the role of Em­bassy of Pak­istan in Swe­den, par­tic­u­larly Mr. Javed Ak­bar Bhatti, Com­mer­cial Coun­sel­lor in trade pro­mo­tion be­tween the two coun­tries through sheer ded­i­ca­tion.

Speak­ing on the oc­ca­sion, the LCCI Pres­i­dent Shahzad Ali Ma­lik said that Pak­istan was in dire need of Swe­den sup­port to cease the de­clin­ing trend in bi­lat­eral trade. He said that the bi­lat­eral trade sit­u­a­tion could be turned around if Swe­den im­ports more goods from Pak­istan to cre­ate a win­win sit­u­a­tion for both the coun­tries. "We would ex­pect that Swe­den whose agri­cul­ture sec­tor holds just 1.1% share in the struc­ture of the econ­omy, may con­sider in­creas­ing its im­ports from Pak­istan par­tic­u­larly adding up our agro prod­ucts like cit­rus, mango & rice etc.

IS­LAM­ABAD: Chair­man NDMA Lt Gen (Retd) Nadeem Ahmed re­ceiv­ing 10,000 tents for flood af­fectees from the Kuwaiti Am­bas­sador H.E. Nawaf Ab­dul Aziz Alenezi. -App

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