ICCI delegation visits Czech Republic to explore business collaborations

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ISLAMABAD: A 10-member delegation of Islamabad Chamber of Commerce and Industry (ICCI) led by its President Atif Ikram Sheikh visited Czech Chamber of Commerce and Confederation of Industry of the Czech Republic in Prague to explore possibilities for promoting business collaborations between the two countries.

President ICCI Atif Ikram Sheikh, while speaking at the occasion said that Czech Republic is an important country for Pakistan to get better access to European markets. The bilateral trade of around $160 million between the two countries is far below their true potential, he added.

The ICCI president said that main exports of Czech Republic to Pakistan included toilet papers and tissues, powder milk, machinery, products of defence industry, textile machines and machine tools, while Pakistan’s major exports to Czech Republic are mostly comprised of textiles and garments’ products.

He briefed the Czech counterparts about investment potential in various sectors of Pakistan’s economy.

China-Pakistan Economic Corridor project would start a new era of business and investment opportunities in Pakistan, especially in infrastructure development, energy and other sectors, he said.

He further said Pakistan is located at the crossroads of three important regions with easy access to lucrative markets in Central Asia, Middle East and South Asia.

Source: Online

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