Businessmen asked to tap Czech Republic’s IT sector
Cooperation in improving crop productivity also came under discussion
Cooperation in improving crop productivity also came under discussion. PHOTO: FILE
ISLAMABAD:
Czech Republic Confederation of Industry Vice President Frantisek Chaloupecky has said that the business community of his country is interested in promoting trade relations with Pakistan and will support every effort initiated in this regard.
Information technology, telecom and software were the booming sectors in the Czech Republic and Pakistan could gain good benefits for its economy by promoting cooperation in these areas.
He made these remarks while talking to a delegation of the Islamabad Chamber of Commerce and Industry, led by its President Atif Ikram Sheikh, which last week visited the Czech Chamber of Commerce and the Confederation of Industry in Prague to explore possibilities of promoting business collaboration.
He said the Czech Republic was known for high-quality agricultural technology and machinery and Pakistan being an agriculture country had a good scope to improve its crop productivity by enhancing bilateral cooperation.
Both sides stressed the need for regular exchange of trade delegations that would enable their business communities to identify new areas of mutual cooperation and bring the two sides closer in trade and economic fields.
Sheikh said the Czech Republic was an important country for Pakistan in order to get better access to European markets. However, bilateral trade of around $160 million was far below the potential and the main reason he cited for the low volume was trade in a limited range of products.
Major goods imported from the Czech Republic were toilet papers and tissues, milk powder, machinery, defence products, textile machinery and machine tools while Pakistan’s major export products sent to the Czech Republic mostly comprised textiles and garments.
Sheikh asked both the countries to focus on diversification in order to improve the trade volume. He briefed his Czech counterparts on the investment potential in various sectors of Pakistan’s economy.
Also highlighted in the meeting was the China-Pakistan Economic Corridor (CPEC) project that would start a new era of business and investment in Pakistan, especially in infrastructure development and energy.
Pakistan was located at the crossroads of three important regions with easy access to markets in Central Asia, the Middle East and South Asia, Sheikh said, stressing that it was good time for the Czech investors to explore Pakistan for investment and joint ventures.
Published in The Express Tribune, September 27th, 2016.
Czech Republic Confederation of Industry Vice President Frantisek Chaloupecky has said that the business community of his country is interested in promoting trade relations with Pakistan and will support every effort initiated in this regard.
Information technology, telecom and software were the booming sectors in the Czech Republic and Pakistan could gain good benefits for its economy by promoting cooperation in these areas.
He made these remarks while talking to a delegation of the Islamabad Chamber of Commerce and Industry, led by its President Atif Ikram Sheikh, which last week visited the Czech Chamber of Commerce and the Confederation of Industry in Prague to explore possibilities of promoting business collaboration.
He said the Czech Republic was known for high-quality agricultural technology and machinery and Pakistan being an agriculture country had a good scope to improve its crop productivity by enhancing bilateral cooperation.
Both sides stressed the need for regular exchange of trade delegations that would enable their business communities to identify new areas of mutual cooperation and bring the two sides closer in trade and economic fields.
Sheikh said the Czech Republic was an important country for Pakistan in order to get better access to European markets. However, bilateral trade of around $160 million was far below the potential and the main reason he cited for the low volume was trade in a limited range of products.
Major goods imported from the Czech Republic were toilet papers and tissues, milk powder, machinery, defence products, textile machinery and machine tools while Pakistan’s major export products sent to the Czech Republic mostly comprised textiles and garments.
Sheikh asked both the countries to focus on diversification in order to improve the trade volume. He briefed his Czech counterparts on the investment potential in various sectors of Pakistan’s economy.
Also highlighted in the meeting was the China-Pakistan Economic Corridor (CPEC) project that would start a new era of business and investment in Pakistan, especially in infrastructure development and energy.
Pakistan was located at the crossroads of three important regions with easy access to markets in Central Asia, the Middle East and South Asia, Sheikh said, stressing that it was good time for the Czech investors to explore Pakistan for investment and joint ventures.
Published in The Express Tribune, September 27th, 2016.