LAHORE - The Lahore Chamber of Commerce and Industry Monday urged the government to sign Preferential Trade Agreement (PTA) with Bosnia Herzegovina without any further delay.

This was stated by LCCI President Irfan Qaiser Sheikh while talking to Ambassador of Bosnia Herzegovina Armin Limo here at the Lahore Chamber of Commerce and Industry. LCCI Senior Vice President Kashif Younis Meher, Vice President Saeeda Nazar, former LCCI President Shahid Hassan Sheikh also spoke on as to how the bilateral trade between the two countries could be enhanced.

The LCCI President said that the delay in signing of the much-needed PTA with a country that is a gateway to Europe is badly hitting the bilateral trade economic relations therefore concrete measures are needed to remove impediments in the way of Preferential Trade Agreement.

Irfan Qaiser Sheikh said that there exist vast opportunities of investment in Pakistan and the businessmen have the ability and the capacity to launch joint ventures with Bosnia in various sectors, including dairy farming.

The LCCI President said the economic relations between the two countries did not reflect their close fraternal ties and there was a need to cement trade and economic relations.

Speaking on the occasion, the Bosnian Ambassador Armin Limo said that the bilateral trade between Pakistan and Bosnia can be increased five times from the current two million Euros per annum as Bosnia can help Pakistan in areas of energy and defence production for having expertise in these two sectors.