LAHORE: Furniture exhibitions were touted as an effective instrument for attracting foreign investments in the sector by Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Zubair Tufail on Monday.
Tufail appreciated the Pakistan Furniture Council (PFC) for holding successful exhibitions in Karachi, Lahore and Islamabad while talking to its chief executive Mian Kashif Ashfaq.
While lamenting the low level of furniture exports, Tufail stressed on the importance of exploring international markets for potential customers to boost exports and the furniture industry.
Textiles and rice are currently the largest exports of Pakistan bringing in $14 billion and $2 billion of foreign exchange, respectively. Furniture exports on the other hand stand at a meager $51 million.
Tufail said that this figure could go up to $5 billion with government support for furniture companies within five years or less.
He also expressed confidence in the forthcoming three-day “InteriorsPakistan” expo as an effective marketing tool apart from attracting investment since numerous foreign and local investors are expected to be in attendance.
More than 100 leading furniture and interior designing companies are expected to display their products during the expo, PFC Chief Executive Mian Kashif Ashfaq said, adding that 250,000 people are expected to attend the event.
He also highlighted the importance of the expo in providing exposure to high quality furniture products for foreign and domestic buyers.
Published in The Express Tribune, July 4th, 2017.
Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.
Comments are moderated and generally will be posted if they are on-topic and not abusive.
For more information, please see our Comments FAQ