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Czech investors in JV with Pakistani counterparts

07 Feb '08
4 min read

Similarly textile imports from Pakistan accounted for only 2.1 percent of Czech Republic's total imports of textile products from the world.

On the other hand Pakistan's major imports from Czech Republic include machinery, paper & paperboard and electrical & electronic equipment. These too are a very small segment of Pakistan's imports of these commodities.

Czech Republic's share in the Pakistan's total imports of machinery, paper & paperboard and electrical & electronic machinery in 2005 was only 0.08, 1.0 and 0.12 percent respectively.

Czech Government needs to know why the exports of their products to Pakistan is so little. He said there is a huge potential of trade between Czech Republic and Pakistan provided aggressive marketing is done by both the countries.

Frequent exchange of business delegations and holding of single country exhibitions can be instrumental in raising trade and investment between our two countries.

Pakistan can supply products like surgical instruments, sports goods, fresh fruits & vegetables, carpets, handicrafts, rice, fish & its preparations, besides textiles and leather products.

Pakistan's strength lies in textiles. Currently, both countries are in process of signing the Bilateral Investment Treaty (BIT) and Agreement for avoidance of Double Taxation.

The investment made by Czech Republic in medical equipment, pharmaceuticals and textiles in Pakistan would not only cater to the demand of Pakistan and Czech Republic for such commodities but would cater to the demands of a much expanded market of Central Asian States, Gulf countries, and other regional countries and even EU and USA.

These potentials need to be seriously studied and monitored by the Czech Delegation. Business environment in Pakistan has improved considerably. Pakistan's economy has been growing at the rate of 7.5 percent on average over the last three years.

Investment cycle is gaining momentum. Foreign investment has increased by almost 3 times. Pakistan's investment policy offers attractive terms to foreign investors. 100% foreign equity has been allowed. No government sanction is required. Remittance of capital, profits, dividends, royalty has been allowed.

Lahore Chamber of Commerce and Industry

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