Pakistan is a trade gateway for Russian Federation and there is great untapped potential to be explored between the two countries: Shaheen Ilyas Sarwana

Islamabad, November 19, 2013 (PPI-OT): Pakistan is a trade gateway for Russian Federation, and there is great untapped potential to be explored between the two countries. This was stated by Mr. Shaheen Ilyas Sarwana, Acting President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), while welcoming the Russian Consul General in Karachi, H.E. Mr. O.N. Avdeev during his visit to Federation House on Tuesday, September 19, 2013.

He was joined in the meeting with FPCCI Office Bearers, Secretary General, Chairman Pak Russia Business Council Mr. Farooq Afzal, and leading businessmen.

While welcoming the guest, the Mr. Sarwana pointed out that Pakistan’s trade with Russia was below the realizable potential, and there was a great gap in the markets that needed to be addressed. Therefore, it was essential to further the exchange of delegations between the two countries and arrange trade related events reciprocally.

This would ensure creation of awareness in both the countries about each other and would hopefully allow the trade volume to grow to satisfactory levels beyond the existing level of around US$400 million.

Participants, including FPCCI Office bearers were of the view that Russia may wish to invest in big public sector projects in Pakistan, on the pattern of other countries, and enter fields such as Steel, Energy production, textile garments/made-ups and Fruits and Vegetables.

While responding to the points raised by the President and Vice Presidents-FPCCI, the Consul General said that Russia was most certainly keen to participate in public sector projects, in particular those related to power and energy, Railways, Coal Fields Exploration but there seemed to be a lack of information regarding these projects.

The Consul General was also informed that all delegation exchange between the two countries should be between the apex trade body FPCCI and its Russian counterpart National Chambers. The meeting was concluded by the presentation of the FPCCI Crest by Mr. Shaheen Ilyas Sarwana, to Mr. O.N. Avdeev.

For more information, contact:
M.A.Lodhi
Secretary General
Federation of Pakistan Chambers of Commerce and Industry (FPCCI)
B-1, Federation House, Main Clifton Road,
Shahra-e-Firdousi,
Karachi-75600, Pakistan
Tel: 0092-21-35873691, 93-94
Fax: +9221 3587 4332
Email: info@fpcci.com.pk
URL: www.fpcci.com.pk

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