LAHORE - US Consul General Elizabeth Kennedy Trudeau has said that future of Pakistan and United States relationship very bright. In this regard, private sector especially business communities of both sides can play a vital role.

She was speaking at the Lahore Chamber of Commerce and Industry. LCCI President Malik Tahir Javaid, Senior Vice President Khawaja Khawar Rasheed, Vice President Zeshan Khalil, former Senior Vice President Amjad Ali Jawa and Executive Committee Members also spoke on the occasion. She said that exchange of trade delegations and close contacts between the private sectors of the two countries and awareness session can help boost mutual trade.

Malik Tahir expressed satisfaction over growing trade between Pakistan and US. Quoting a report, he said that volume of bilateral trade reached a record level of $6 billion in 2017 which is an ample proof of immense trade and economic potential exist in the two countries.

He said that business community wants of the US President to consider allowing duty free access to Pakistani merchandise. Economic stability of Pakistan through prompt direct market access to US is a must. He said that aid or grant is undoubtedly a remedy but has never been a substitute to trade. He said that United States would be achieving two goals through this gesture. First, it would be winning the hearts of Pakistanis and secondly, the United States would be able to fulfill the promise of economic revival of Pakistan.

The LCCI chief said that there is vast scope for US investors to make investment in several sectors including power, textile, auto, health, education, food, livestock and dairy etc. He said that US administration must convince the potential investors to put their money in joint ventures with Pakistanis besides ensuring transfer of latest technology to Pakistan. Malik Tahir said that shortage of energy is the biggest impediment of economic growth of Pakistan. He said that United States should facilitate Pakistan regarding the usage of civil nuclear technology for power generation.

PCJCCI delegation receives warm welcome in Beijing

The trade delegation of Pakistan China Joint Chamber of Commerce and Industry (PCJCCI) reached China the other day and got a warm welcome by Masood Khalid, Ambassador and other dignitaries at Embassy of Pakistan in Beijing.

At this occasion, SM Naveed, President PCJCCI, said that PCJCCI is promoting bilateral business between Pakistan and China. He also elaborated about the obstacles faced by the industries of Pakistan due to lack of modern and up-to-date technology which is needed for the betterment of industrial units. He said the private sectors of both Pakistan and China should develop close cooperation to draw maximum benefits from CPEC-related projects and explore untapped areas for mutual collaboration.

S.M Naveed asserted that China now occupies the largest share in Pakistan's total imports. Pakistan imports 24 percent of electrical equipment and 21 percent of machinery for strategic applications from China. Whereas, China is also ranked, as the 2nd largest export destination of Pakistan with a share of 7.7 percent in Pakistan's total exports. This difference act as catalyst to establish joint ventures for the peace and prosperity of both sister nations. He also deeply acknowledged that the hospitality and love received by the PCJCCI delegation on arrival is highly commendable.

STIA holds annual meeting

The first annual meeting of Sundar Trade and Industry Association was held at a local hotel. Zaki Ijaz, executive member hosted the occasion. The chairman Hashir Hameed commenced the proceedings with a rundown of the association journey. From Siwa to STIA. Executive body of the association was also introduced to the guests.

The Associations role in formulation of board of management of Sundar Industrial Estate and its efforts in making Sundar Estate an exemplary was also highly appreciated. Azhar Ali, the executive member, briefed the participants regarding the problems being faced by residents industrialists of the estate and inability of PIDEMC to live up to its commitment of providing the required facilities. Foremost amongst these were non-availability of electricity, provision of natural gas and absence of CETP.