FPCCI sees more joint ventures with Saudi investors
ISLAMABAD: The Federation of Pakistan Chambers of trade and industry (FPCCI) on Tuesday hailed business-to-enterprise agreements with Saudi Arabia while stressing at the want to improve standards of Pakistani goods and offerings to avail most capability of the deals.
At a media briefing held at the apex frame’s capital workplace, FPCCI excessive-americawelcomed bilateral arrangements with the private area of Saudi Arabia.
“The maximum critical part of those agreements is that the crown prince is directly supervising these commercial enterprise agreements,” stated FPCCI President Engineer Daroo Khan Achakzai. “it is for the first time that the private sector has been given the opportunity to take the lead in devising enterprise deals,” he stated.
Observed by means of senior FPCCI leaders along with Mirza Ikhtiar Baig and vice president Saarc Chambers of trade and industry Iftikhar A Malik, Mr Achakzai burdened that the agreement for technical cooperation will be the key to fulfillment of the MoUs.
“The Saudi standards, Metrology and fine agency (SASO) and PSQCA of Pakistan will cooperate so that requirements of Pakistani goods and services can be advanced for exports to Saudi Arabia,” he brought.
Mr Baig at the occasion welcomed the established order of Saudi-Pak Joint business Council. The council, which will have 10 participants from each facet, will hold its first assembly next month. The FPCCI leader confused on reducing high markup quotes.
In the meantime, Mr Malik stated that Pakistan has a strong base in business, agriculture and research sectors but there is a want for modernisation and investments to compete in changing international environment.
“although Pakistan permits investments on 100 according to cent possession however we count on that there could be joint ventures with Saudi business network as they too are searching for to expand their economy and additionally want to go into into the agri-agencies,” Mr Malik said.
He advised that Pakistani business community in addition to the government must adapt to the changing commercial enterprise surroundings globally.
“Our product and service requirements have to be according with the importer and after improving the requirements of our human sources, we should approach different Muslim international locations that they need to invite our staff,” he delivered.
The FPCCI leaders additionally decried the current movements taken through Indian government that was destructive the enterprise surroundings inside the whole area.
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