- Peace in Syria will open matchless opportunities: Rauf Alam
The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) asked the business community of Pakistan to explore trade and investment opportunities in Syria.
There is a lot of scope for Pakistani textiles, rice, pharmaceuticals, sports goods and agricultural products in Syria, said Abdul Rauf Alam, President FPCCI.
He said this while talking to Syrian Ambassador to Pakistan, H.E. Radwan Loutfi, here at FPCCI Capital House. Other business leaders were also present on the occasion.
Alam said Syria is a potential market for Pakistani products and the improvement in the overall security situation will likely result in opening many opportunities for Pakistani business community, which may include massive reconstruction activities.
“Trade with Syria might be a little risky right now, but higher risks mean higher profitability and our business community will surely benefit from the situation after peace is restored”, he added.
He asked the Syrian Ambassador to help develop linkages between FPCCI and its Syrian counterpart, and to bring a delegation of Syrian businesspeople to Pakistan. He stressed the promotion of Pakistani products and services in Syrian market, hoping that Pakistani business would capture a sizeable share in that market.
On the occasion, the Syrian Ambassador ensured all out cooperation to improve trade. He said he would try to establish links between the apex chamber of his country and FPCCI.
The Ambassador said that Aleppo used to be the biggest industrial center of Syria where production has dropped due to unrest; he said, agricultural production had also declined and the demand is being met by imports.
Syria is still the fourth largest producer of olives in the world, and there was no dearth of opportunities in his country, he informed.