Building partnerships: Pakistan Show in Amritsar to kick off on May 8

Ninety companies from diverse fields to participate in exhibition in India.


Our Correspondent May 05, 2014
The show will see the convergence of business leaders, government officials, artists and journalists whose presence will help in dissemination of information and knowledge. PHOTO: FILE

LAHORE:


Businessmen of Lahore in collaboration with India’s PHD Chamber of Commerce and Industry will organise their first Pakistan Show in Amritsar from May 8-12 in an effort to increase engagements between business communities of the two sides and expand business relations.


Announcing this at a press conference here on Monday, Lahore Chamber of Commerce and Industry (LCCI) President Engineer Sohail Lashari said a large business delegation comprising leading members of various chambers in Pakistan would participate in the exhibition.



“This show is an affirmation of the LCCI’s belief that increased trade and investment will go a long way towards improving relationship between India and Pakistan besides achieving the common goal of inclusive growth,” he remarked.

The five-day event will showcase the best of Pakistan in the 21st century and also feature cultural shows. The positive vibes are expected to translate into a significant leap in transactions and flow of goods across the border.

Trade has already accelerated with formal exchange of goods between India and Pakistan increasing from $250 million in 2003 to $2.4 billion in 2013. Experts put the trade potential at 10 times the current figure.

In a bid to build partnerships and promote inclusive growth, Lashari said, a strong presence of Pakistan’s industries had been ensured with more than 90 companies participating from diverse sectors such as value-added textile, agriculture and allied services, healthcare, gems and jewellery, steel, warehousing, construction equipment, jute products, wedding concepts and consumer durables.

The show offered great benefits to all stakeholders and had the potential to expand trade networks between India and Pakistan, bring down costs, generate employment and expand regional trade, he stressed.

It offers a gateway to a huge potential market in the region, an opportunity for businesses on both sides to explore investment and joint ventures and a platform for forging business linkages in the region.

The show will see the convergence of business leaders, government officials, artists and journalists whose presence along with high-level sessions on trade and strategies will ensure rich deliberations and help in dissemination of information and knowledge.

“It is time to take practical steps to tap the region’s potential for the sake of progress and prosperity,” Lashari said.

Published in The Express Tribune, May 6th, 2014.

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