Belarus keen to enhance business collaborations with Pakistan

Islamabad, May 26, 2015 (PPI-OT): A delegation of Belarusian businessmen led by Mr. Mikhail Miatlikov, Chairman, Belarus Chamber of Commerce and Industry visited Islamabad Chamber of Commerce and Industry for B2B meetings with Pakistani counterparts. The delegation was representing textiles, metal industry, oil and chemicals, agri-machinery, food processing, pharmaceutical and other sectors. Ministers of Textile, Oil and Gas and Light Engineering of Belarus were also included in the delegation.

Speaking at the occasion, Mr. Mikhail Miatlikov Chairman Belarusian Chamber of Commerce and Industry said that both countries have signed 12 MoUs which was a first step for starting sustainable business collaborations. He invited Pakistani businessmen to visit Belarus to explore opportunities of joint ventures and investment in his country.

Minister for Textile, Minister for Oil and Gas and Minister for Light Engineering of Belarus also addressed the meeting and desired for long-term business relations with Pakistan. They said President of Belarus would soon visit Pakistan which showed that Belarus was keen to enhance trade and economic relations with Pakistan.

In his welcome address, Mian Muhammad Idrees, President, Federation of Pakistan Chamber of Commerce and Industry said that Pakistan gave great importance to enhancing trade relations with Belarus. Both countries were gateways for each other to enter huge markets of Asia and Europe. He said current volume of US$ 60 million bilateral trade between Pakistan and Belarus was far below their true potential and both countries should focus on increasing exchange of business delegations and holding single country exhibitions for improving trade relations.

Muzzamil Hussain Sabri, President, Islamabad Chamber of Commerce and Industry highlighted the investment potential in various sectors of Pakistan’s economy. He said Pakistan offered attractive incentives to foreign investors and Belarusian investors should explore investment opportunities in Pakistan’s oil and gas, textiles, chemicals, agriculture, pharmaceuticals, energy, transport and other sectors. He said Belarus should set up assembly and manufacturing plants for tractors and heavy duty vehicles in Pakistan.

Zubair F. Tufail, former Vice President, FPCCI said that China-Pakistan Economic Corridor will create lot of investment opportunities in infrastructure development in Pakistan and added that it was right time for Belarusian investors to explore Pakistan for investment. FPCCI and Belarusian Chamber of Commerce and Industry signed MoUs for promoting bilateral trade and joint ventures between Pakistan and Belarus.

Abdul Rauf Alam Chairman ICCI Founder Group and United Business Group (North), S.M. Naseer former Vice President and Regional Chairman FPCCI, M. Shakeel Munir SVP ICCI, M. Ashfaq Hussain Chatha VP ICCI, Tariq Sadiq, Zafar Bakhtawari, Zahid Maqbool, M. Ejaz Abbasi, Khalid Malik Malik Sohail Hussain Chairman Coordinator FPCCI and many other businessmen were also present at the occasion.

For more information, contact:
Khalid Chaudhry
Islamabad Chamber of Commerce and Industry (ICCI)
Chamber House, Aiwan-e-Sanat-o-Tijarat Road,
Mauve Area, G-8/1,
Islamabad, Pakistan
Tel: +9251 225 0526, 2253145, 8432676
Fax: +9251 225 2950