LAHORE: Ambassador of the Philippines Jesus I. Yabes has said that Pakistan has great natural resources, outstanding economic potential and a good economic team, which is moving the economy forward.
Pakistan has braved many problems, will soon come out of the troubles including terrorism to become a developed nation, he said.
This he said while talking to a delegation of FPCCI that included Malik Sohail Hussain, Chairman Media, FPCCI, Inayatullah Mirza, former president ICCI, Samina Fazil, President Women’s Chamber, Uzma Maqsood and others.
He called upon the business community to explore more possibilities to enhance trade, which is improving, but remains below the actual potential.
Jesus I. Yabes said that further avenues of cooperation can be found with the help of people-to-people contact and interaction between the private sectors of the two countries, he said.
The Ambassador said that concept of Halal Food was growing in his country that can be an excellent opportunity for Pakistani exporters.
He said that Pakistan produces pharmaceuticals of guaranteed quality that can support the low-cost medicines programmes in many countries.
Pakistan is global leader in production of top quality rice, which is in great demand in the Philippines, the envoy informed.
Jesus I. Yabes said that Pakistan has been enjoying a surplus in trade; it is exporting cotton, textiles, rice, pharmaceutical, and glassware while importing semi-conductors, electronics, chemicals, paper and some agricultural products from his country.
He agreed to the proposals of Malik Sohail to showcase Pakistani products in Manila, share knowledge as well as expertise with each other and remove trade barriers.
Malik Sohail Hussain informed the diplomats that national business leaders Tariq Sayeed, Iftikhar Ali Malik and Ghulam Ali are eager for a meeting of the Joint Economic Commission to boost the two-way trade. Our business leaders want to cooperate with the Philippines in multiple arenas of bilateral and global significance, Sohail said.
Inayatullah Mirza said that Pakistan could benefit from the experience of the Philippines in telecom, call centres, tourism and hospitality sectors.
The Ambassador informed Samina Fazil that markets of handicrafts, clothing, and brassware could be explored in his country.