FRANKFUR - Pakistan Ambassador to Germany Abdul Basit has observed that Pakistani businessmen and diaspora are the backbone of Pakistan’s economy. He said without their unflinching faith in Pakistan our economy would have been in a far more difficult situation. He advised the Pakistani entrepreneurs to take full advantage of the EU tariff concessions of 75 items valid for this year.

He said this while visiting the Home Textile Exhibition in Frankfurt which concluded here on Saturday. 219 companies from Pakistan participated in the fair.

Exhibitors of textile industry are optimistic of substantial increase in exports of their products this year as they have made good business contacts during Heimtextil Trade Fair in Frankfurt. A good number of buyers and professionals visited the Pakistani stalls and appreciated the quality of products displayed by the Pakistani exhibitors.

The exhibitors from Pakistan participated in the world’s largest trade fair of textile products which included bed wears, towels, curtains, table wears, cushions, dresses and other related accessories. About 2600 exhibitors from 80 different countries participated in this fair and Pakistan was ranked 4th in terms of numbers of exhibitors from a single country.

Pakistan ambassador visited Pakistan pavilions and met with the exhibitors. He was apprised of issues being faced by them. They informed that the energy crisis in the country had been affecting the production adversely and immediate measures were needed for sustainable development of the Industry. The Ambassador assured them that their concerns and problems would be conveyed to the authorities concerned for appropriate action. Abdul Basit urged them to spend a fair portion of their income on Research and Development (R&D) as only innovative and trendy products could keep them in the market in this rapidly changing world.

Basit also met with the Director of the Board of Frankfurt Messe and Incharge of Heimtextil Fair Detlef Braun and exchanged views on the arrangements and facilities provided by the management to the exhibitors He appreciated the role of Germany for the promotion of international trade. Braun thanked the Ambassador and assured that the management would continue to improve its facilities in the Exhibition Halls for both the exhibitors and the visitors.