Pak Embassy mulls to set up Display Centre for promoting bilateral trade with Nepal

Islamabad : Pakistan and Nepal have good potential to promote bilateral trade in many areas by ensuring regular interactions between their private sectors.

Pakistan’s Ambassador-designate to Nepal Mazhar Javed said that Pakistan Embassy in Nepal would explore the possibility of setting up a Display Centre in its premises to promote country’s trade and exports with Nepal, he said while exchanging views with business community at Islamabad Chamber of Commerce and Industry.

Mazhar Javed said there is a need of developing better coordination between Pakistani foreign missions and domestic Chambers of Commerce & Industry to explore new avenues of promoting Pakistan’s trade with other countries. He said that many Pakistani products including pharmaceuticals, textiles, ready-made garments and leather products could find a good market in Nepal and businessmen should accelerate efforts to fully tap Nepalese market for promoting trade.

He assured that his embassy would try to share all such information with local chambers of commerce as could help them in promoting trade with Nepal. ICCI should take a trade delegation to Nepal and his embassy would fully assist in making its visit effective and meaningful.

President ICCI Atif Ikram Sheikh said that the current volume of trade between Pakistan and Nepal was not encouraging and Pakistan Embassy in Nepal should identify potential markets for Pakistani products that would help in improving trade with Nepal.

He said that due to trading restrictions and tariff measures, many Pakistani products are reaching Nepal via other countries and stressed that both governments should take measures for facilitating direct trade that would result in lesser freight with shorter lead time and would be more beneficial for both nations. He said that Nepal has huge hydro power potential which could be potential area of cooperation between both countries.

Online

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