KARACHI: The Pakistan-Maldives Business Council of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) organised a joint virtual event in collaboration with the State Trading Organization (STO) of Maldives, a statement said on Friday.
The event was facilitated by the Trade Development Authority of Pakistan (TDAP) along with the High Commission of Pakistan in Male, Maldives.
The objective of the event was to highlight the untapped trade opportunities for Pakistani exporters by connecting them with the Maldives importers.
FPCCI president Mian Nasser Hayat Maggo, said the FPCCI can play an active role in connecting Maldives with the exporters in Pakistan to meet their import requirements.
He highlighted the potential to enhance the volumes of bilateral trade in the construction material, pharmaceuticals, textiles and food items, among others.
Maggo said that the FPCCI is ready to host a trade delegation from Maldives to Pakistan to facilitate the Maldivian importers to have firsthand knowledge of the Pakistani products from varied industries and sectors. He also offered his full support to establish B2B linkages.
Vice Admiral Ather Mukhtar (Retd) shared his vision for the Pakistan-Maldives relations and encouraged both sides to make the most out of the potential business and trade opportunities.
Ali Rilwan, acting high commissioner of Maldives in Pakistan, encouraged the two sides to work together to explore business opportunities.
Imran Khalil Naseer, chairman of the Pakistan-Maldives Business Council, apprised the audience of the enormous potential to enhance bilateral trade and economic cooperation.
Pakistan and Maldives should explore investment and joint venture opportunities through regular B2B contacts, he added.
Asmma Kamal, Pakistan’s Trade and Investment Attaché in Maldives, shared a detailed presentation on the existing trade figures between the two countries. She also highlighted the potential industries and sectors for Maldives to source goods from Pakistan.
Altaf Hashwani, director of the Pakistan-Maldives Business Council, inquired about the potential of STO Maldives to enhance imports of textiles and hosiery products from Pakistan.
The participants raised their queries with the STO on product registration requirements and procedures in Maldives and the appetite to import Pakistan’s world-famous fruits such as mangoes and oranges.
The FPCCI is hopeful that the bilateral trade between the two brotherly countries will scale-up and will reach new heights through capitalising on the unconventional sectors and exploration of new avenues.
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