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Czech investors in JV with Pakistani counterparts
07
Feb '08
A number of potential investors from Czech Republic are planning to visit Pakistan to have first-hand knowledge about the available business opportunities here and to initiate joint ventures with their Pakistani counterparts.

These views were expressed by two-member delegation comprising Mr Michal Jirkovsky and Ms Marie Kahounova while talking to LCCI Senior Vice President Mian Muzaffar Ali here at the Lahore Chamber of Commerce and Industry on Wednesday.

The members of the delegation informed the LCCI Senior Vice President that Czech Republic has a very large scope for Pakistani goods.

Mr. Michal Jirkovsky said that the existing volume of trade between Pakistan and Czech Republic needs a special attention and a frequent exchange of delegations.

He said that lack of information is coming in the way of bilateral trade and the Chambers of Commerce in both the countries should play role in this regard.

He said that the economic growth witnessed by Pakistan in recent years has impressed the manufacturers and investors in Czech Republic and they are now considering Pakistan the best place to make investment.

He said that there is a need to work together in order to identify possible fields of cooperation and to provide proper information to business communities of both sides.

Speaking on the occasion, the LCCI Senior Vice President, Mian Muzaffar Ali said that the current level of trade between Pakistan and Czech Republic needs more concrete steps on both sides and foremost among them is the exchange of information.

He said that to cover up that information gap, it is necessary that Chambers of Commerce of both the countries are involved in exchange of information and frequent delegations are organized on reciprocal basis besides arranging single country exhibitions.

Mian Muzaffar Ali said that Pakistan's major exports to Czech Republic include leather and textile products but these exports constitute a petty fraction of Czech's total imports of these commodities.

For instance whereas Czech Republic's total imports of leather products from the world in 2005 amounted to $ 176.1 million, Pakistan's share in these imports was only $ 3.0 million i.e. 1.7 percent.

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