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Expo garners business orders worth $80 million

08
Mar '10
The domestic entrepreneurs of Pakistan have received export orders worth US $80 million through Expo Pakistan that concluded on February 28, 2010. Most of these orders were from countries such as Yemen, South Korea, Hong Kong, Malaysia, Brazil and Kenya.

Also, the industrialists from other countries have expressed interest in joining forces with Pakistani entrepreneurs, revealed Chief Executive Trade Development Authority of Pakistan (TDAP) Mr. Syed Mohibullah Shah.

The delegation from Yemen has signed 19 contract orders worth $20 million with the entrepreneurs of Pakistan to purchase various items including textile, garments and surgical items, while negotiations for another four contracts are going on, he informed.

Moreover, four contracts have been signed each by Hong Kong and Kenya, while further six agreements with Hong Kong and four with Kenya are being negotiated, he informed. Malaysian entrepreneurs want to expand Free Trade Agreement (FTA) with Pakistan and to increase number of items under the trade with the country.

Communications are in progress with South Korean industrialists to sell products such as hand knotted carpets, cotton yarn and surgical items. Apart from all these, the handicraft goods of the country displayed in the expo for the first time are also witnessing foreign buyers' interest, said Mr. Shah.

The exhibitors in the expo had been facilitated with free of charge display area and allowances, in order to attract them towards the mega exhibition. TDAP would be conducting various seminars for these exhibitors in coming days to help them improve their manufacturing capacity and improve skills in designing, in a bid to make them capable of attaining export targets, added Mr. Shah.

Amid many hurdles such as global recession, improper law and order situation in the country and foreign buyers' unwillingness to visit Pakistan, the Expo Pakistan witnessed an outstanding success. It witnessed the presence of apex personalities of large companies with whopping turnovers and suppliers who deliver to around 400 super stores, he informed.

Fibre2fashion News Desk - India


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