Pakistani business community must participate in Nordic Pakistan Business Summit to establish new business contacts in the region

Lahore, December 13, 2016 (PPI-OT): Nordic Pakistan Business Summit (NPBS) will be held at the start of next year in Finland. Pakistani business community must participate in this event as it would provide them a platform to establish new business contacts in Nordic region (Finland, Denmark, Norway Sweden etc).

This was stated by Pakistani Honorary Consul General in Finland Wille Eerola while talking to the LCCI Vice President Muhammad Nasir Hameed Khan here at the Lahore Chamber of Commerce and Industry on Tuesday. The LCCI Executive Committee Members Adnan Khalid Butt, Tanvir Ahmed, Tahir Manzoor Chaudhry, Javed Iqbal Siddiqui, Awais Saeed Piracha and former Executive Committee Member Raja Adeel Ashfaq were also present on the occasion.

Wille Eerola said that Finland and Pakistan have a huge scope to expand relations in various sectors of the economy therefore the private sector in Pakistan should enhance its interaction with Finnish counterparts. He said that the existing trade volume between Pakistan and Finland is enough to make the point that both sides have multifaceted and strong trade ties. He said a number of Finnish companies had already recognized Pakistan’s potential and are working here.

Speaking on the occasion, LCCI Vice President Muhammad Nasir Hameed Khan said that joint venture opportunities exist in the field of power generation and for development of biomass technology. He said Finnish equipment and technologies can help exploit Pakistan’s full potential in agriculture, horticulture, dairy and livestock sectors. The LCCI Vice President suggested that it is necessary that both countries have access to each other’s markets to further expand commercial and economic ties.

This will definitely lead both sides to a more strengthened and stable economic partnership. He said that LCCI values to have greater interaction with Finnish counterparts in order to develop close linkages. The LCCI Vice President said that Pakistan can partner with Finnish technological think tank for development of technological industry in Pakistan. The LCCI Vice President said that over 400 Finnish companies are currently operating in South Asian Region and had made substantial investment in the last ten years in this part of the world and business community here is of strong hope that more Finnish investors would divert their attention towards Pakistan in coming days.

Earlier, the LCCI Executive Committee Members Adnan Khalid Butt and former EC member Raja Adeel Ashfaq threw light on potential of the province of Punjab in particular. They said that Pakistan is a land of opportunities as it offers huge dividend on foreign investments.

Major items of imports from Finland are electric appliances, tapes for sound records, parts for motor engines, enzymes, chemical wood pulp, newsprint, pressure reducing valves, electric transformers, paper and paperboard, polymers of ethylene, electric motors and generators etc. Pakistan’s top exports to Finland are articles of apparel and clothing, woven fabric (synthetic staple fiber), woven cotton fabric, bed, table, kitchen linens, articles and equipment of gymnastics, men’s suits and jackets, articles of cutlery, women suits and dresses, gloves, mittens, electro medical apparatus, track suits and T-shirts etc.

For more information, contact:
Information Department
Lahore Chamber of Commerce and Industry (LCCI)
11-Shahrah-e-Aiwan-e-Tijarat,
Lahore -54000, Pakistan
Tel: +92-42-111-222-499
Fax: +92-42-36368854
Website: www.lcci.org.pk