Over 571 leading exporters of Pakistan had setup stalls in the exhibition which was attended by more than 750 foreign buyers and importers from 77 countries. PHOTO: NNI
A large number of serious buyers have established contact with major exporters in Karachi, Lahore, Sialkot and Faisalabad. The buyers are either negotiating new orders or have increased the volume of existing orders after visiting factories in different cities.
The estimated value of such business negotiations is estimated at $500 million, based on the feedback received from Pakistani companies and foreign buyers themselves.
The gems and jewellery sector was able to get orders worth $20 million, while a large number of serious buyers are visiting factory premises in Lahore, Sialkot and Faisalabad for further negotiations.
A Russian buyer has contacted Forward Sports and to discuss the prospects of supplying footballs for the next football world cup in Russia. A Bangladeshi firm has also signed a Memorandum of Understanding (MoU) worth $2 million with Sialkot based firm, Malik Sports.
Japanese companies have shown an interest to invest $25 million in pharmaceuticals, organic food items and sports goods.
Over 571 leading exporters of Pakistan had setup stalls in the exhibition which was attended by more than 750 foreign buyers and importers from 77 countries, said TDAP officials.
A Dubai based company has finalised a deal with a Pakistani slaughterhouse to import meat worth AED 15 million per annum. Similarly, an Abu Dhabi based company has also struck a deal with a Pakistani slaughterhouse to import meat worth $10 million annually.
Another Dubai based supplier to the UAE government has given a contract order to purchase uniforms and office accessories worth $1 million.
A Dubai based special purpose theme based facilities is investing $4 billion in Dubai over the next three years. For this purpose, it has indicated to bring a large delegation to conclude an MoU for the supply of materials and manpower worth $1 billion over the next three years.
Prime Minister Nawaz Sharif inaugurated the Expo Pakistan 2015 on February 26 and also conferred awards to top exporters.
The Federal Commerce Minister and top TDAP officials met with almost 33 country delegations led mostly by presidents of foreign trade chambers or associations consisting of foreign buyers.
Published in The Express Tribune, March 3rd, 2015.
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