Trade: (FPCCI stresses to build banking channels with Russia and exchange of single country exhibitions)

March 2, 2016 Off By Web Desk

ISLAMABAD: Federation of Pakistan Chambers of Commerce and Industry’s Senior Vice President Khalid Tawab (Sitar-e-Imtiaz) on Thursday stressed to build banking channels with Russia and exchange of single country exhibitions and asserted upon the dire need of Russian assistance to promote bilateral relationships to develop gas exploration, railways and reconstruction of power sector.

Speaking with the Russian delegation, headed by Consul General of Russian Federation Oleg N. Avedeev, during visit to FPCCI, Khalid Tawab emphasized to replicate cooperation on the lines of Pakistan Steel Mills in the areas of heavy machinery, engineering, automobiles, revamping railways, energy from coal, and other areas of national interest.

He apprised about the vital role of FPCCI in the socio-economic development of Pakistan. Exchanging views he said Pakistan could seek the Russian help to integrate and boost its energy and power sector with technologies transfer.

Consul General of Russian Federation Oleg N. Avdeev, while sharing his views said the people of both countries don’t know much about each other, so interaction must be enhanced by visiting both countries.

It could play a vital role in augmenting bilateral trade. He also assured that today’s visit would be the first step to have more ventures. Meeting was attended by FPCCI Vice Presidents Arshad Farooq and Faisal Jamal Dashti along with Zubair Tufail, Capt. S. Kamal A Mahmoodi, Khalid Amin, M. Saleem Sheikh, Waseem Vohra, Rauf Tabani, Waheed Shah and many more.

In another meeting Pakistani Ambassador to Russian Federation Qazi M. Khalilullah has briefed to FPCCI that Russia is a huge market for Pakistani products as it is among the top 10 economies of the world with annual imports of around $175 billion, but Pakistan’s share in trade with Russia was just 0.06%.

He identified the sectors for food exporters to participate and explore the export potential for fruits, vegetables, fish and seafood, meat, poultry and other products in Russia.

Khalid Tawab insisted that trade with Russia of around $350-400 million did not reflect the real potential of both countries and more efforts were needed to improve it.