FPCCI For Promoting Trade, Investment Ties With Bulgaria
Muhammad Irfan Published February 09, 2023 | 05:30 PM
ISLAMABAD, Feb 9 (UrduPoint / Pakistan Point News - 9th Feb, 2023 ) :President of Federation of Pakistan Chamber of Commerce and Industry Irfan Iqbal Shaikh on Thursday stressed the need for enhancing bilateral trade and investment relations between Pakistan and Bulgaria as the existing trade volume between the two countries was lower than the existing potential.
Talking to the Ambassador of Bulgaria to Pakistan Irena Gancheva, who visited FPCCI here, Irfan Iqbal said that both the countries were enjoying cordial trade and diplomatic relations, which were based over 57 years and have common views on many international issues.
He said that huge opportunities of cooperation and collaboration in a host of economic sectors were existing, which could mutually benefit the people of both countries. He said that both countries had vast scope for economic cooperation, trade and investment development.
He said that many sectors of national economy including minerals, mining, oil and gas exploration, tourism, agriculture and energy generations and called upon the investors from the Bulgaria to take benefit from these opportunities, which would further cement the existing trade and diplomatic relations.
The FPCCI head urged the need to enhance bilateral cooperation in the field of agriculture as the large livestock potential was existing in the country and it was ranked among the top milk-producing countries, adding that Bulgaria has the world's best expertise in yogurt production and collaboration in the field of agriculture and dairy development would further promote the output of agri-value added products.
He said that current bilateral trade between both the countries was needed to further enhance by initiating joint ventures in agriculture sector development, education, tourism and establishing business to business contacts.
Besides, he said that multi-billion Dollars' China-Pakistan Economic Corridor Project was also offering investment opportunities and called the Bulgarian investors to take the benefit from it.
Speaking on the occasion, the ambassador reiterated her resolve to further cement bilateral trade and diplomatic relations of both the countries and said that such interaction would enhance people to people contact.
She told that a Joint Economic Commission of both countries was also established in 2015 to explore opportunities for enhancing trade and investment between both the countries.
The ambassador also stressed the need to diversify the trade and investment cooperation in areas of agriculture cooperation dairy development.
Related Topics
Recent Stories
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 27 April 2024
Today Gold Rate in Pakistan 27 April 2024
HEC reviews curricula for environmental sciences degree programme
ICC Asia looking forward to an action-packed Asia Cricket Week
Yuvraj Singh named ICC Men’s T20 World Cup 2024 Ambassador
Greece hands Olympic flame to 2024 Paris Games hosts
Two Kyiv hospitals evacuating over feared Russian strikes
World must act on neurotech revolution, say experts
Charles & Catherine's cancer diagnoses
Champions Alcaraz and Sabalenka through in Madrid Open
King Charles to resume some public duties during cancer treatment: palace
US defense chief announces $6 bn in security aid for Ukraine
More Stories From Business
-
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 27 April 2024
50 minutes ago -
Today Gold Rate in Pakistan 27 April 2024
2 hours ago -
Finance minister reviews progress on FBR digitalization
11 hours ago -
US stocks rebound on tech earnings, London hits new record
11 hours ago -
US approves gene therapy treatment for hemophilia
11 hours ago -
KATI president for inclusion of agri sector in tax net
11 hours ago
-
Ahsan chairs 13th CPEC-JCC preparatory meeting, reviews arrangements for high-level delegation’s v ..
12 hours ago -
Police to take every step for security of business community: IGP
12 hours ago -
WB director, Planning minister discuss reforms in development projects
12 hours ago -
IP rights crucial in achieving SDG : Jam Kamal
14 hours ago -
FBR’s data protection efforts commended by OECD assessment team
14 hours ago -
US stocks rebound on tech earnings, London hits new record
14 hours ago