ISLAMABAD: Report: The country’s leading businessmen and exporters Thursday lauded the business-friendly policies of Prime Minister Muhammad Nawaz Sharif saying the country had gained significant economic stability in three years – @AceFinanceNews

#AceFinanceReport – Dec.15: The businessmen representing several organizations including Federation of Pakistan Chambers of Commerce and Industry (FPCCI), and SAARC Chamber of Commerce and Industry expressed satisfaction over the economic growth rate, during interviews with APP held here at FPCCI’s 40th Award Ceremony.

Chairman Standing Committee Export of Manpower and Overseas Pakistanis (FPCCI) Ishtiaq Qureshi said Pakistan’s economy and law and order had significantly improved in last three years since Prime Minister Nawaz Sharif assumed office in 2013.

He said the government’s step of ending power loadshedding for industries was welcoming and would contribute to enhancement of trade activities in the country.

Vice President SAARC Chamber of Commerce and Industry Iftikhar Ali Malik said industrialists were supporting the prime minister for his business-friendly policies and considered him a “ray of hope for strong economy“.

He proposed setting up the country’s export houses abroad and also stressed strong public-private partnership.

Dr Mirza Ikhtiar Baig mentioned increase in the country’s exports by 6 percent in one year and said it was reflective of the confidence of international business community on Pakistan’s economic policies.

He hoped that growth of exports would help encourage economic activity.

Honorary Consul General of Morocco and exporter Ishtiaq Baig said being a businessmen hailing from Karachi, he was satisfied with the improved law and order.

He said China Pakistan Economic Corridor (CPEC) and Gwadar port would bring an unprecedented economic activity in the country.

Ruqaiya Hemani of Hemani Herbal Products, also the winner of Best Lady Exporter award at the 40th the FPCCI awards ceremony said the present government was a source of encouragement for businessmen and traders to pursue their activities in a business-friendly environment.

President Handicraft Association of Pakistan Khurshid Barlas also lauded the government for supporting traders in their business initiatives.

Chairman Pakistan Ready-made Garments Association Ijaz Khokhar said the government should particularly focus on textile industry to benefit maximum from the GSP Plus and stressed the need for developing strong liaison with stakeholders.

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ISLAMABAD: Ambassador-designate of Colombia to Pakistan Juan Alfredo Pinto Saavedra Thursday said Colombia was interested to enhance trade relations with Pakistan and the best way to achieve this goal was to develop business linkages between the private sectors of both countries – @AceFinanceNews

#AceFinanceReport – Dec.15: Juan Alfredo said this while exchanging views with business community here at Islamabad Chamber of Commerce and Industry (ICCI), a statement issued here said.

He said bilateral trade between Pakistan and Colombia was nominal and its main reason was lack of information on both sides about potential areas of mutual cooperation.

Envoy said chamber of commerce and industry of both countries should sign Memoradum of Understanding (MoU) to enhance B2B linkages that would help in exploring possibilities of enhancing bilateral cooperation in trade and economic fields.

He offered his cooperation to facilitate signing of the MoU between trade bodies of both countries.

He said as a first step, both countries should identify top 20 products for bilateral trade and then gradually expand the range of products to enhance two-way trade volume.

He said Colombia enjoyed a strategic location in North America and had signed 94 Free Tread Agreements (FTAs) with regional countries, thus enhancing close cooperation with it would help Pakistan in getting better market access to North American region.

Speaking on the occasion, President ICCI Khalid Iqbal Malik said the best option for Pakistan and Colombia to enhance bilateral trade was to encourage the frequent exchange of trade delegations to explore all areas of potential cooperation.

He said both countries should focus on organizing single country exhibitions and participate in each other’s trade fairs, which would help in promoting trade relations.

Khalid Malik said Colombia was producing more than 66 percent of its energy through hydropower and it should share its technology and expertise with Pakistan in this field.

He said Colombia was major exporter of oil, coal, coffee, flowers and both countries had the potential to cooperate in many areas including agriculture, textiles, chemicals, minerals, gems and jewelry, technology transfer and infrastructure development.

He said Pakistani textile products were known in the international market for quality and Colombia should import textile products from Pakistan.

He assured that the ICCI would consider signing the MoU with Colombian chamber of commerce to explore new avenues of business collaboration between the two countries.

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