Published On:April 16 2009
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Pakistani business invited to invest in Maldives
Karachi: High Commissioner of Maldives, Adam Hassan, has advised Pakistani business community to explore the enormous trade potential and capture its market share as the country comprise of 1,190 islands and lacks abundance of indigenous products.
Speaking at a meeting of Karachi Chamber of Commerce and industry (KCCI), he briefed that Maldives import iron and steel, construction and building materials, cement, chemicals, healthcare products, rice, wheat, fruits, and daily households among others. He also invited President KCCI to visit Maldives with a delegation.
He added that Maldives is a tourist attraction in Asia and leading international hotel and resorts chains are operating in the country. President Karachi Chamber of Commerce and Industry Anjum Nisar expressed that bi-lateral trade between Pakistan and Maldives has shrunk during last two years which needs to be penetrated with more potential than both countries had in the past.
President KCCI recalled that PIA was the first International Airliner which started direct flights to Maldives and also Pakistans HBL was first international bank, which opened its branch at Maldives. At present India has captured a major share of trade in Maldives however, being Muslim friendly country, having same religious and cultural values, trade between Pakistan and Maldives must be enhanced.
He urged to enhance the trade of value-added textile, agro-based products and general commodities to Maldives. He also emphasised on the need of exchange of trade delegation and initiation of trade promoting exhibitions and fairs between two countries. He also gave invitation to High Commission of Maldives for participation in My-Karachi-2009 Expo.
President KCCI proposed the High Commissioner of Maldives to sign a MoU between KCCI and Maldives for which he agreed. Zafar A. Tapal, Honorary Consul General of Maldives and Members of Managing Committee of KCCI also participated in the meeting.