Czech mate

Karachi Chamber of Commerce & Industry’s President Mian Abrar Ahmad along with President of Czech-Middle Asian Chamber of Commerce (CSOK) Jiri Nestaval accompanied by the Czech business delegation called on Speaker Provincial Assembly of Sindh Nisar Ahmed Khuhro today to apprise about the joint efforts of KCCI and Czech Middle Asian Chamber of Commerce to enhance bilateral trade between Pakistan and Czech Republic. President KCCI Mian Abrar Ahmad stated that the Karachi Chamber is committed to promote industry in Karachi and elsewhere and he was steadfast to draw the attention of foreign investors to invest in Pakistan and clear the wrongly depicted perception of Pakistan abroad. He informed that during his recent visit to Prague he motivated the Czech investor to visit Pakistan and explore the untapped potential of joint ventures in coal, alternate energy, engineering and agricultural value-added sectors. Subsequently, the Czech Business Delegation was on visit to Pakistan to explore the business prospects. He stated that KCCI has proposed Trade Development Authority of Pakistan to establish a showcase of products “Made in Pakistan” along with warehousing facilities in Prague. He lamented that successive governments never paid attention to take the benefits of Pakistan’s geostrategic position as gateway to China, Iran, India, Central Asian Republic Republics and Middle East, while exploring the economic and commercial opportunities in the region. He emphasized that Pakistan should do trade with the regional countries and with trading blocks for the swift revival of the economy. He said that Pakistan was one of the fastest growing economies of the world, however, its pace was slowed due to energy crises. He lamented that Pakistan lacks energy security plan and he urged the government to devise a strategy on war-footing to produce 40 per cent electricity from nuclear, remaining 40 per cent from coal and rest from other energy resources. He informed that he was leading a high power KCCI delegation to USA for the advocacy to enhance Pak-USA bilateral trade to bring economic excellence in Pakistan and to have market access and technology transfer. He was of the view that USA should cooperate with Pakistan at par with India to produce energy from nuclear and allow civil nuclear technology. President Czech Middle Asian Chamber of Commerce Jiri Nestaval stated that Czech investors were willing to enter into joint ventures with local investors in the potential areas. He said that KCCI & Czech Chamber had signed MoU and deliberations were in progress to form Karachi-Prague Joint Chamber of Commerce & Industry. He referred that Czech Pakistani Commerce Bridge Conference in Prague launched the commercial exchanges between two countries.