Pak­istani prod­ucts can find good mar­ket in Nepal

The Pak Banker - - BUSINESS -

Many Pak­istani prod­ucts in­clud­ing phar­ma­ceu­ti­cals, tex­tiles, ready-made gar­ments and leather prod­ucts could find a good mar­ket in Nepal and busi­ness­men should ac­cel­er­ate ef­forts to fully tap Nepalese mar­ket for pro­mot­ing trade.

It was ob­served Mazhar Javed, Pak­istan's Am­bas­sador- des­ig­nate to Nepal while ex­chang­ing views with busi­ness com­mu­nity at Is­lam­abad Cham­ber of Com­merce and In­dus­try ( ICCI) here. He said that Pak­istan and Nepal have good po­ten­tial to pro­mote bi­lat­eral trade in many ar­eas by en­sur­ing reg­u­lar in­ter­ac­tions be­tween their pri­vate sec­tors.

Pak­istan Em­bassy in Nepal would ex­plore the pos­si­bil­ity of set­ting up a dis­play cen­tre in its premises to pro­mote coun­try's trade and ex­ports with Nepal, he added. He said there was a need of de­vel­op­ing bet­ter co­or­di­na­tion be­tween Pak­istani for­eign mis­sions and do­mes­tic Cham­bers of Com­merce and In­dus­try to ex­plore new av­enues of pro­mot­ing Pak­istan's trade with other coun­tries, ac­cord­ing to a state­ment is­sued here.

He as­sured that Pak­istani em­bassy would try to share all such in­for­ma­tion with lo­cal cham­bers of com­merce as this could help them in pro­mot­ing trade with Nepal. He said ICCI should take a trade del­e­ga­tion to Nepal and his em­bassy would fully as­sist in mak­ing its visit ef­fec­tive and mean­ing­ful. Speak­ing at the oc­ca­sion, Atif Ikram Sheikh, Pres­i­dent, Is­lam­abad Cham­ber of Com­merce and In­dus­try said that the cur­rent vol­ume of trade be­tween Pak­istan and Nepal was not en­cour­ag­ing and Pak­istan Em­bassy in Nepal should iden­tify po­ten­tial mar­kets for Pak­istani prod­ucts that would help in im­prov­ing trade with Nepal.

He said due to trad­ing re­stric­tions and tar­iff mea­sures, many Pak­istani prod­ucts were reach­ing Nepal via other coun­tries and stressed that both gov­ern­ments should take mea­sures for fa­cil­i­tat­ing di­rect trade that would re­sult in lesser freight with shorter lead time and would be more ben­e­fi­cial for both na­tions. He said Nepal has huge hy­dropower po­ten­tial which could be po­ten­tial area of co­op­er­a­tion be­tween both coun­tries.

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