Span­ish in­vestors should avail op­por­tu­ni­ties in Pak­istan: LCCI

The Pak Banker - - NATIONAL -

Pak­istan has a lot to of­fer the Span­ish in­vestor there­fore they should join hands with their Pak­istani coun­ter­parts and avail the op­por­tu­ni­ties through joint ven­tures.

Th­ese views were ex­pressed by the LCCI Vice Pres­i­dent Nasir Saeed while talk­ing to the Eco­nomic & Com­mer­cial Coun­selor of Spain Erik Rov­ina here at the La­hore Cham­ber of Com­merce & In­dus­try on Thurs­day. Hon­orary Consul of Spain Za­heer Is­lam was also present on the oc­ca­sion.

The LCCI Vice Pres­i­dent said that Pak­istan is an emerg­ing econ­omy and has lot of op­por­tu­ni­ties for for­eign in­vestors in the fields of en­ergy, leather, tex­tile, tourism, food prod­ucts, in­fra­struc­ture, agro-based prod­ucts, live­stock and var­i­ous other sec­tors of econ­omy.

He said that trade and eco­nomic re­la­tions be­tween the two coun­tries have re­mained in­signif­i­cant de­spite the fact that there is a lot of po­ten­tial ex­ists in the two coun­tries to bring the two-way trade to the new height.

He said that there is a great scope of co­op­er­a­tion in var­i­ous in­dus­trial sec­tors be­tween Spain and Pak­istan. The pos­si­bil­i­ties of Joint Ven­tures in the ar­eas like phar­ma­ceu­ti­cals; elec­tri­cal ap­pli­ances, food items, en­gi­neer­ing goods, agro-based prod­ucts, min­eral and min­eral-based prod­ucts and power gen­er­a­tion sec­tors are very bright. Spain has the tech­nol­ogy to con­struct dams be­sides be­ing the big­gest user of re­new­able sources of en­ergy. Both the coun­tries could join hands for trans­fer of tech­nol­ogy in th­ese sec­tors.

Nasir Saeed said that Spain is fa­mous for its well-de­vel­oped tourism. Pak­istan has abun­dant his­tor­i­cal as well as nat­u­ral sights, which have a strong po­ten­tial of earn­ing for­eign ex­change if prop­erly de­vel­oped. We would like to share your ex­per­tise in this field and wel­come joint ven­tures with busi­ness­men of your coun­try.

The LCCI Pres­i­dent said that Pak­istan is an agro-based econ­omy but un­for­tu­nately it does not have tech­nol­ogy to pre­serve ex­cess agri­cul­ture pro­duce and in this re­gard, the pro­fes­sional ex­per­tise of Spain agro-based in­dus­trial sec­tor will be wel­comed.

He said the sig­nif­i­cance of fre­quent ex­change of trade del­e­ga­tions and mu­tual dis­cus­sions can­not be over em­pha­sized for cre­at­ing more op­por­tu­ni­ties be­tween busi­ness com­mu­ni­ties of the two coun­tries.

He called for more in­ter­ac­tion be­tween the busi­ness com­mu­ni­ties of the two coun­tries to in­crease the vol­ume of two-way trade and said that it is nec­es­sary that the busi­ness houses like LCCI and the dif­fer­ent Cham­bers of Com­merce and In­dus­try in Spain also play their due role. He said that trade fairs, sin­gle coun­try ex­hi­bi­tions as well as ex­clu­sive "coun­try weeks" can be ar­ranged on re­cip­ro­cal ba­sis to achieve this goal.

Span­ish & Eco­nomic & Com­mer­cial Coun­selor was of the view that there is a dire need of in­sti­tu­tion­al­ized re­la­tions be­tween the two coun­tries and the Cham­bers of Com­merce in Spain and Pak­istan could play a very vi­tal role for the pro­mo­tion of trade re­la­tions.

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