Ambassador of Ukraine to Pakistan Volodymyr Lakomov has said that Ukrainian Embassy considers enhancing business-to-business (B2B) interaction between the entities in Ukraine and Pakistan as one of the most promising and priority directions within the bilateral relations.
Speaking at a meeting during his visit to Karachi Chamber, the Ukrainian ambassador said that then bilateral trade and economic cooperation between the two countries demonstrated positive tendency to its intensification, having reached its historical maximum of half-a-billion US dollars in 2014. “Both countries take interest in each other’s markets and stress their readiness to exploit huge unused trade potential”, he added.
Ukrainian ambassador, accompanied by Chief of the Economic Section of Embassy of Ukraine Taras Mykytenko and Diplomat Official at Embassy of Ukraine Maksym Kosiak, stated that the diplomatic relations between Pakistan and Ukraine were established on March 16, 1992 and it was heartening to note that Ukrainian-Pakistan relations have gone through fruitful for 24 years which has been marked by mutually beneficial cooperation and reliable and trustworthy dialogue between Ukraine and Pakistan.
Earlier, KCCI President Shamim Ahmed Firpo, in his remarks, said that Ukraine was one of those countries that has strong and close ties with Pakistan as both countries have been cooperating with each other in the education sector and cultural exchanges whereas aerospace engineering, aerospace technology, bio-medical sciences were some other fields where mutual cooperation was taking place.
He informed that the trade volume between Pakistan and Ukraine during 2015-16 stood at $110 million, of which commodities worth $39.45 million were exported to Ukraine and Pakistan’s import stood at $70.34 million.