Islamabad Chamber of Commerce and Industry invites Spanish investors to invest in Energy Sector

Islamabad, February 12, 2013 (PPI-OT): H.E.Mr. Javier M. Carbajosa Sanchez, Ambassador of Spain to Pakistan visited Islamabad Chamber of Commerce and Industry (ICCI) for discussing the prospects to enhance Pak-Spain trade ties.

The Ambassador appreciated the hospitality of Pakistani people and said that political relations between two countries are good, however, trade relations need to be further enhanced. He noted that many Eurozone countries were facing economic slowdown, but Spain is reviving its economy on fast-pace.

Mr. Carbajosa informed that Spain is world-leader in renewable energy in wind, solar, etc. and Spain produces 25 percent energy from renewable sources which is highest in Europe. Spanish Cellular phone service provider O2 first cellular service provide in Europe, world-class infrastructure facilities and outstanding financial institutional system. Cooperation could be materialized in the areas of textiles, banking, transportation, construction and dairy products as Pakistan is the 4th largest producer of milk, he added.

In his welcome address, Mr. Zafar Bakhtawari, President ICCI said that Pakistan and Spain have common cultural heritage because Islam has more than 700 history in Spain. He urged the Ambassador to invite Spanish investors to invest in renewable energy solutions as Spain is one of the world’s leading countries in the development and production of Renewable Energy.

Mr. Bakhtawari said that Spain has great importance for Pakistan as around 1lac Pakistanis were working there and contributing in the development of Spanish economy as well as giving blood to the Pakistan economy in form of remittances.

ICCI President was of the view that increased number of parliamentary exchanges could pave create better understanding between Pakistan and Spain. He said that organizing of joint cultural shows and frequent exchange of business delegations are the options which can bring people of both the countries closer to each other that would eventually enhance the mutual cooperation between Pakistan and Spain.

He said that Spain is the 4th largest trading partner of Pakistan in Europe and current trade volume between Pakistan and Spain was stood around 800million Euros which would be further enhanced by tapping true trade potential between both countries.

Mr.Bakhtawari also appreciated the role of Spanish envoy in strengthening relations between Pakistan and Spain, hoping that he would continue to work for furthering friendly relations between the two countries.

For more information, contact:
Islamabad Chamber of Commerce and Industry
Chamber House, Aiwan-e-Sanat-o-Tijarat Road,
Mauve Area, G-8/1,
Islamabad, Pakistan
Tel: +9251 225 0526 and 225 3145
Fax: +9251 225 2950

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