BOI to hold Pak-Italy business forum on Dec 6

ISLAMABAD (APP): Board of Investment (BOI) is organising a Pakistan-Italy Investment Business Forum here at a local hotel on December 6, 2016. The BOI sources said that, in this connection, Italy’s Deputy Minister for Economic along with a high level business delegation would visit Pakistan. During the forum, both the countries would discuss ways and means for further enhancing investment and trade relations between the two countries. Both the sides, during the forum, are also likely to ink memorandum of understanding (MoU) for collaboration between the private sector of the two countries. At the conclusion of the forum, both sides would also hold a press conference and announce decisions for enhancing trade and investment relations between the two countries. The visiting Italy’s deputy minister will also called on the senior government officials for discuss collaboration in various sectors of economy.

 Traders asked to exports IT produts to Japan

ISLAMABAD (APP): Pakistan has great potential to promote exports of IT products, mangoes, dry fruits and many other products to Japan and the country’s businessmen should exploit these opportunities for promoting trade with Japan. This was observed by Masao Otsuka, Japan International Cooperation Agency's Trade Promotion Adviser to Trade Development Authority of Pakistan, during his visit to Islamabad Chamber of Commerce and Industry (ICCI) here on Thursday. He said Japan's two million SMEs were looking for import of software products from outside world due to their high cost in local market and Pakistan's IT sector businessmen has good opportunity to promote export of software products to Japanese SMEs. He said that Japanese companies were facing shortage of engineers and they were keen to invest in Pakistan, but have some reservations on security situation here.

Pakistan could attract more investment from Japan by setting up specific economic zones, providing secured environment and ensuring uninterrupted power supply to Japanese investors, he added.

 Minister lauds Pakistan-Azerbaijan relations

ISLAMABAD (APP): Federal Commerce Minister Engineer Khurram Dastagir has said that Pakistan highly valued its relations with Azerbaijan and was desirous of further strengthening them in various fields. He said that, next year, President of Azerbaijan will visit Pakistan and sign agreements to promote cooperation in different fields. He was speaking at an event to celebrate the 25th anniversary of the Restoration of Independence of Azerbaijan. He said that Pakistan was working closely with Azerbaijan on different international forums including United Nations, adding that Pakistan highly regarded the role of Azerbaijan in Contact Group on Kashmir. He said both countries should further strengthen relations with other countries in different fields including commerce. He said both countries could cooperate with each other in different projects including energy sector. The minister said the government would encourage trade relations between the two countries and expand relations with the countries in the region.

He also appreciated help of Azerbaijan in tragedy of earthquake of 2005 and floods.

 Spain likely to invest in renewable energy sector

RAWALPINDI (APP): Spain can provide assistance in renewable energy sector especially in wind power to resolve the issue of energy crisis, said Spanish Ambassador Carlos Morales during his visit to Rawalpindi Chamber of Commerce and Industry (RCCI) here on Thursday. The ambassador said tourism has 11 percent GDP and Pakistan could benefit from it. He said Spain is a fast growing economy and is among the 10th largest investor in the world. The envoy thanked the chamber members for inviting him and said Spain is eager to increase the trade volume in renewable energy, infrastructure, agriculture, engineering, textile, gem and jewelry, leather and marble sectors. Speaking on the occasion, RCCI President Raja Amir Iqbal said that current bilateral trade volume between the two countries is around 900 million, adding that, “We need cooperation and assistance from Spain in auto industry.”