Pakistan offers huge investment opportunities to Russia

General Karachi

KARACHI: The first meeting of Pakistan Russia Business Council PRBC of FPCCI was held at Federation House under the Chairmanship of Farooq Afzal Chairman, PakRussia Business Council.

Haji Fazal Kadir Khan Sherani, President Federation of Pakistan Chambers of Commerce and Industry and Andrey V Demidov Consul General of Russia also graced the occasion. In the opening remarks, President FPCCI emphasized on the need of aggressive interaction between business community of both countries which will lead to expansion of bilateral trade and economic relations.

He stated that PRBC should play its due role in this regard and facilitate its members to penetrate the Russian market which has huge potential for Pakistani products. He also suggested for holding ointBusiness Council meeting between the two national Chambers. He further advised that Pakistan Russia Business Council may schedule its future activities particularly with reference to exchange of trade delegation and organizing trade fairs and exhibitions on reciprocal basis.

Russian Consul General in his address assured his cooperation and assistance in the activities of PakRussia Business Council. He informed that there is a great scope of activities in every field between the two countries. He pointed out that the volume of trade between the two countries is not the true reflection of long friendship of fifty years between both the countries. Pakistan has very minuscule share in overall trade of Russia.

Farooq Afzal, Chairman PRBC presented overall view of the existing bilateral trade and economic relations. He stressed on the need for strengthening bilateral relations between Pakistan and Russia and to explore trade opportunities for improving the joint venture investment climate and expanding direct contacts between the two countries’ business communities.

He said that there is a great scope of Pakistani textile and textile made ups, agrobased products, fruit particularly kinoos and mangoes, food processing and packaging, livestock and dairy farming, leather and leather products, surgical equipments and sports goods etc. While Pakistan offer huge investment opportunities in the field of power sector projects, exploration of coal and other mineral resources, hydroelectric power, shipbuilding, hightech machinery, infrastructure, transport, iron and steel, railways, construction etc; through joint ventures. The meeting also discussed about the collaboration in education, health, information technology, higher studies etc.

The meeting was attended by different prominent members including Begum Salma Ahmed, Vice President FPCCI, Eng MA Jabbar,
Nadeem Khalid and Ms Nausheen Shahzad Directors, Pakistan Russia Business Council.