ISLAMABAD, (TLTP): Malik Muhammad Farooq, Ambassador-designate of Pakistan to Poland, has said that Pakistan’s trade with Poland is negligible as compared to actual potential and stressed that business community should focus on further enhancing trade and exports in Polish market.
Malik expressed these views during his visit to Islamabad Chamber of Commerce & Industry (ICCI) on Thursday. He held a meeting with President ICCI Muhammad Ahmed Waheed to discuss matters for further improving bilateral trade and economic relations of Pakistan with Poland.
Farooq said that Pakistan’s trade with Poland is negligible and business community should focus on further enhancing trade and exports in Polish market. He assured that he would fully cooperate with them in these efforts.
He said that around 90 percent of Pakistan’s exports to Poland comprise of textiles products and stressed that business community should focus on exporting other products to Poland to achieve better results. He said that both countries have good potential to cooperate in IT sector as Polish companies could contribute towards growth of 5G and telecom infrastructure in Pakistan.
He said that Pakistan could import heavy machinery and high-tech products from Poland. He said that Poland had cooperated with Pakistan in establishing PIA and other institutions and Pakistan could achieve more beneficial results for its economy by developing close cooperation with Poland.
Speaking on the occasion, President ICCI Muhammad Ahmed Waheed said that foreign missions of Pakistan have an important role in improving Pakistan’s trade and exports with other countries. He emphasized that Pakistan’s Embassy should identify new opportunities for Pakistani products in the Polish market that would help in improving Pakistan’s exports with Poland.
He said that the embassy should also share information on a regular basis with ICCI about prospects of JVs and investment for Pakistan’s private sector in the Polish market that would be helpful in developing strong business linkages with Polish counterparts. He stressed that Polish investors should also be convinced to set up JVs in Pakistan in textile and other sectors that would enable Pakistan to realize the actual value of its exports.
Vice President ICCI Saifur Rahman Khan, Baser Daud, Muhammad Aslam Khokhar, Khalid Chaudhry, Naveed Malik and others also spoke at the occasion and shared ideas for further increase bilateral trade and economic relations between Pakistan and Poland.