ICCI For Focusing On Lithuania To Promote Exports With EU Market
Muhammad Irfan Published March 15, 2023 | 03:40 PM
ISLAMABAD, (UrduPoint / Pakistan Point News - 15th Mar, 2023 ) :Senior Vice President, the Islamabad Chamber of Commerce and Industry (ICCI) Faad Waheed on Wednesday said that Pakistan should focus on to promote trade and exports with EU market, particularly with Lithuania as it possessed very important economy among EU countries.
He said that Lithuania's annual imports are over USD 30 billion and Pakistan has good opportunity to export many products to Lithuania including pharmaceutical products, electrical equipment, plastics and articles.
He expressed these views while talking to Ricardas Degutis, Ambassador of Lithuania, based in Turkiye, during his visit to Islamabad Chamber of Commerce and Industry. Ms. Vaida Stankeviciene Deputy Head of Mission and Masud Khan Honorary Consul General of Lithuania in Pakistan also accompanied him at the occasion. � Faad Waheed said that Pakistan and Lithuania have good potential to cooperate with each other in agriculture, science and technology, information technology, industrial sector and other fields to share expertise with each other and achieve mutually beneficial outcomes.
He said that many sectors of Pakistan's economy offer great prospects for foreign investment including oil & gas, mines & minerals, energy, automobile and urged� the Lithuanian investors to explore investment and JVs in Pakistan.
He urged Lithuania to open its embassy in Pakistan that would help boost trade and economic relations between the two countries.
Speaking at the occasion, Ricardas Degutis, Ambassador of Lithuania said that the bilateral trade between Lithuania and Pakistan is quite low which can be improved by promoting business linkages between the private sectors of both countries.
He said that Lithuania is exporting many products including machinery, furniture, bedding & mattresses, mineral fuels & oils, electrical machinery, vehicles & miscellaneous chemical products and many of them can be exported to Pakistan.
He said that Lithuania is now investing more in Life Sciences which offers a good opportunity for collaboration with Pakistan. He said that Lithuania is planning to organize a Life Sciences Conference in September this year and invited Pakistan professionals to attend it.
Engineer Muhammad Azhar ul islam Zafar, Vice President ICCI emphasized the regular exchange of trade delegations to explore new areas of mutual cooperation between Pakistan and Lithuania.
Masud Khan Honorary Consul General of Lithuania in Pakistan and others also spoke at the occasion and shared useful ideas for enhancing trade and economic relations between Pakistan and Lithuania.
Related Topics
Recent Stories
Robinson, bowlers help New Zealand go 2-1 up against Pakistan
Shahzeb Chachar to hold khuli kachehri on April 26
Heatwave amid Israel's aggression in Gaza brings new misery, disease risk
Tourism must change, mayor says as Venice launches entry fee
Court adjourns Judicial Complex attack case till May 17
Nasreen Noori’s book ‘Popatan Jahra Khwab’ launched
Wafaqi Mohtasib inspection team visits Excise and taxation office
AJLAC announces 5th Conference titled ‘People’s Mandate: Safeguarding Civil ..
Pak-US officials engage to enhance trade, investment ties
IBCC to promote educational excellence, expand regional presence
Pakistani 'Blue Helmets' serving UN Peacekeeping Mission in DR Congo set to leav ..
Putin says plans to visit China in May
More Stories From Business
-
Chinese minister felicitates Ahsan Iqbal on reappointment as Planning minister
6 hours ago -
Pak-US officials engage to enhance trade, investment ties
6 hours ago -
Stocks fall as tech shares sink, US economy slows
7 hours ago -
Higher taxes, awareness help decrease cigarettes sale in Pakistan
8 hours ago -
Ahsan Iqbal chairs CPEC JWGs, 13th JCC review-meeting
8 hours ago -
Industries Minister recommends urea fertilizer import to stabilize prices and supply
8 hours ago
-
Honda announces US$11 bn EV battery and vehicle plant in Canada
8 hours ago -
Zhao Shirin calls on Punjab Industries Minister
9 hours ago -
CEO APM Terminals calls on Finance Minister
9 hours ago -
SACM visits GTVC checks attendance register
9 hours ago -
CEO APM Terminals meets Commerce Minister
9 hours ago -
RTO destroys huge quantity of non-duty paid cigarettes
9 hours ago