FLASHNEWS:

Kyrgyzstan to open Trade House in Karachi in March: Irfan Iqbal Sheikh

Karachi, January 26, 2023 (PPI-OT):Mr. Irfan Iqbal Sheikh, President FPCCI, has informed that Kyrgyzstan will open a trade house in Karachi in March 2023. It is an excellent initiative and will solidify people-to-people and business-to-business linkages between the two countries, he added.

Mr. Irfan Iqbal Sheikh also emphasized the need to capitalize on TIR Convention to enhance bilateral trade with Kyrgyzstan through the land route – which not only saves the time but is also a major cost-saving factor. He called upon the central banks of both the sides to remove the bottlenecks in transaction processing through effectively operationalizing the banking channels; so that, the true potential of bilateral trade can be unleashed.

Mr. Irfan Iqbal Sheikh stated that there is Quadrilateral Traffic and Transit Agreement (QTTA) between Pakistan, China, Kyrgyzstan and Kazakhstan that provides an effective connectivity network between Central Asia and Gwadar port to facilitate transit traffic and trade among the member countries.

Mr. Suleman Chawla, SVP FPCCI, apprised the business community that Kyrgyzstan is organizing Pakistan Business Forum in Bishkek in March 2023; which will provide an excellent opportunity for B2B networking and matchmaking. He extended his full support from the platform of FPCCI to Ambassador Totuiaev Ulanbek Asankulovich for success of the event. He also called upon Central Asian Republics to make full use of the opportunities being offered by CPEC; and, Pakistan will be more than willing to make them part of the mega, strategic and economically game-changing project.

H.E. Totuiaev Ulanbek Asankulovich, Ambassador of Kyrgystan in Pakistan, maintained that his embassy is tirelessly working to strengthen Pakistan and Kyrgyzstan economic cooperation and Pakistani textiles, pharmaceuticals, sports goods, surgical equipment and manufacturing materials among other products can find a good market in his country.

Ambassador Totuiaev Ulanbek Asankulovich added that Kyrgystan Trade House has already been opened in Lahore in December 2023 and more such initiatives are in the pipeline. He also mentioned that Pakistan can provide the shortest possible passage to the Central Asian Republics to the sea.

For more information, contact:
Head Office,
Federation of Pakistan Chambers of Commerce and Industry (FPCCI)
Federation House, Main Clifton, Karachi, Pakistan
Tel: +92-21-35873691-94
Fax: +92-21-35874332
Email: info@fpcci.org.pk
Website: http://fpcci.org.pk/