A delegation of Lahore Chamber of Commerce and Industry visits United Kingdom

Lahore, June 09, 2012 (PPI-OT): A high-level 37-member LCCI delegation Friday left for 12-day tour to Turkey and United Kingdom to explore new business avenues and enhance two-way trade with these countries.

The delegation headed by LCCI President Irfan Qaiser Sheikh would have joint and one- to-one meetings at various chambers in Turkey and UK besides signing a number of MoUs with various trade and Industry organizations in the two countries.

The LCCI delegation has in its fold businessmen belonging to almost all sectors of the economy including Petrochemicals, Steal, Industrial Chemicals, Cosmetic Raw Material, Pharmaceuticals, Textiles and its machinery, Auto, Plastic, Artificial Leather, Plastic Chemicals, Construction, Used Machinery, Tourism, Engineering, Oil and Lubricants, Halal Meat, Yarn, Rice, Handicrafts, Heating and Cooling Equipment, Household products, Garments and Real Estate.

On June 11, the LCCI delegation would have working lunch at Instanbul Chamber of Commerce and Industry while in the evening it would meet Mayor of Instanbul. On June 12, the delegation would sign an MoU with Industrialists and Businessmen Association MUSAID besides having a meeting with Association of Anatolian Businessmen ASKON.

On June 13, the delegation will meet the President of Foreign Economic Relations Board. On June 16, the delegation would have a working dinner at Pak-UK Chamber of Commerce. They would also meet Pakistan’s High Commissioner in UK Wajid Shamsul Hassan and Lord Nazir Ahmed.

The LCCI delegation would also participate in a programme on “Business Prospects in Pakistan” arranged by Birmingham Chamber of Commerce and Industry at its premises. In Manchester, the LCCI team would meet Pakistan’s Consul General and Lord Mayor Manchester.

The LCCI business delegation would also meet different British personalities to highlight the soft image of the country so that the flow of Foreign Direct Investment could get a boost in real terms.

The delegation also included former LCCI President Mian Anjum Nisar, former Senior Vice Presidents Engr. Sohail Lashari, Tahir Javed Malik and Executive Committee Members Khawaja Khawar Rashid, Shahzeb Akram, Mahmood Ghaznavi, Mian Rehman Aziz Chan, Nabila Intisar, Ilyas Majeed Sheikh, Chaudhry Wajid Ali and Faheem-ur- Rehman Saigol.

Turkey for being second fastest growing economy of the world after China and first in the European Union has a lot to offer to their Pakistani counterparts and they should avail the available opportunities.

Although the bilateral trade between Pakistan and Turkey has been gradually growing but it still leaves much to be desired.

The current level of trade between Pakistan and Turkey has least relevance to the size of the markets of the two countries. In terms of GDP, Turkey ranked at 17th place is way ahead of Pakistan which is at 47th place.

Pakistan’s major exports to Turkey are cotton, plastics, cereals, beverages, spirits, articles of apparel, manmade staple fibres, articles of leather, raw hides and skins and etc. Whereas Pakistan’s major imports from Turkey are machinery, ships, organic chemicals, paper and paperboard, iron and steel, plastics products, tanning and dyeing extracts and etc.

For more information, contact:
Shahid Khalil
Information Department
Lahore Chamber of Commerce and Industry (LCCI)
Lahore -54000, Pakistan
Tel: +9242 111 222 499
Fax: +92 42 636 8854

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