Karachi: Muhammad Saeed Shafiq, President, Karachi Chamber of Commerce and Industry (KCCI) stressed upon the need to strengthen trade and commercial ties with Hong Kong. He stated that possibilities of joint ventures exist between two countries in fisheries, ports and shipping, container terminal operations and trading opportunities in cotton, yarn, textile sectors. While sharing his views with the President of The Pakistan Hong Kong Business Forum (PHBF) Khawaja Raffat Zaheer, he underscored the need of mutual cooperation and exchange of trade information between KCCI and PHBF.
He said that Pakistan faced colossal losses in the war against terror and it is the need of hour to invite international investment to generate employment specially for youth. He informed that KCCI had also planned to encourage youth for self-employment and entrepreneurship. He also extended invitation to the Pak-Hong Kong Business Forum and its members to participate in the KCCI’s “My-Karachi, Oasis of Harmony Exhibition 2011”.
Khawaja Raffat Zaheer, President of The Pakistan Hong Kong Business Forum (PHBF) informed the President-KCCI about the business forum which was established in 2004 being recognized by SECP. He informed that the aim of Pak-Hong Kong Business Forum was to promote, develop and encourage business and friendly relations between the business and industrial communities of two countries and to stimulate investment from Hong Kong to Pakistan through extensive interaction.
He highlighted that Pakistan and Hong Kong have been enjoying historically excellent relations, however the interaction in economic sphere is not commensurate with its immense potential. President-PHBF said that Pak-Hong Kong trade relations can be exponentially advanced through joint ventures and investment cooperation.
M. Iqbal Mangrani, former Vice President of The Pakistan Hong Kong Business Forum said that PHBF was working on multi-pronged strategy to increase bilateral trade and investment and acts as a focal point of contact. He said that PHBF is playing a proactive role in establishing contacts between businessmen of both countries, however, for optimum results, the forum was underway to broaden portfolio of its members and likewise, he added that they seek cooperation and support of KCCI.
Junaid Esmail Makda, Vice President-KCCI stated that KCCI, being the premier and leading chamber has the members maintaining businesses with their counterparts at Hong Kong so KCCI and PHBF can join hands for effective mutual cooperation.
President-KCCI assured the President-PHBF best support possible to enhance Pakistan-Hong Kong bilateral trade. It was also agreed that both organizations will share their respective website links and relevant information will be disseminated to their members.
For more information, contact:
Karachi Chamber of Commerce and Industry