Pak Businessmen Invited To Nordic Summit

LAHORE, (UrduPoint / Pakistan Point News - 13th Dec, 2016 ) : Nordic Pakistan Business Summit (NPBS) will be held at the start of next year in Finland and Pakistani business community must participate in this event as it will provide them a platform to establish new business contacts in Nordic region (Finland, Denmark, Norway Sweden etc).

This was stated by Pakistani Honorary Consul General in Finland Wille Eerola, while talking to the LCCI Vice President Muhammad Nasir Hameed Khan here at Lahore Chamber of Commerce & Industry on Tuesday.

The LCCI Executive Committee Members Adnan Khalid Butt, Tanvir Ahmed, Tahir Manzoor Chaudhry, Javed Iqbal Siddiqui, Awais Saeed Piracha and former Executive Committee Member Raja Adeel Ashfaq were also present on the occasion.

Wille Eerola said that Finland and Pakistan had a huge scope to expand relations in various sectors of the economy therefore the private sector in Pakistan should enhance its interaction with Finnish counterparts.

He said that the existing trade volume between Pakistan and Finland was enough to make the point that both sides had multifaceted and strong trade ties. He said that a number of Finnish companies had already recognized Pakistan's potential and were working here.

LCCI Vice President Muhammad Nasir Hameed Khan said that joint venture opportunities existed in the field of power generation and for development of biomass technology. He said Finnish equipment and technologies could help exploit Pakistan's full potential in agriculture, horticulture, dairy and livestock sectors.

He suggested, it was necessary that both countries have access to each other's markets to further expand commercial and economic ties, as this would definitely lead both sides to a more strengthened and stable economic partnership.

He said that LCCI valued to have greater interaction with Finnish counterparts in order to develop close linkages. LCCI Vice President said that Pakistan could partner with Finnish technological think-tank for development of technological industry in Pakistan.

He added that over 400 Finnish companies were currently operating in South Asian Region and had made substantial investment in the last ten years in this part of the world and business community here was of strong hope that more Finnish investors would divert their attention towards Pakistan in coming days.

Earlier, the LCCI Executive Committee Members Adnan Khalid Butt and former EC member Raja Adeel Ashfaq highlighted investment potential in Punjab. They said that Pakistan was a land of opportunities as it offered huge dividend on foreign investments.

Major items of imports from Finland are electric appliances, tapes for sound records, parts for motor engines, enzymes, chemical wood pulp, newsprint, pressure reducing valves, electric transformers, paper & paperboard, polymers of ethylene, electric motors and generators etc.

Pakistan's top exports to Finland are articles of apparel & clothing, woven fabric (synthetic staple fiber), woven cotton fabric, bed, table, kitchen linens, articles & equipment of gymnastics, men's suits & jackets, articles of cutlery, women suits & dresses, gloves, mittens, electro medical apparatus, track suits & T-shirts etc.