ISLAMABAD: A seven-member delegation of Islamabad Chamber of Commerce and Industry led by former senior vice president Muhammad Naveed Malik Spain to explore opportunities for promotion of bilateral trade between Pakistan and Spain.
The delegation was representing various sectors, including food and food processing, construction and real estate, said a press release. The delegation held meetings with Spanish counterparts and explored various areas that offered a potential for business collaboration between the private sectors of Pakistan and Spain.
The delegation also visited Pakistan Embassy in Madrid and met with Ambassador of Pakistan to Spain Khayyam Akbar and Commercial Counsellor Dr Hamid Ali.
The commercial section of Pakistan Embassy in Spain extended facilitation services to the delegates.
Ambassador of Pakistan to Spain Khayyam Akbar and Commercial Counsellor Dr Hamid Ali briefed the delegates about the potential areas of bilateral trade and investment opportunities between Pakistan and Spain. The delegation was happy to know that exports to Spain increased significantly in the last three years and reached more than one billion dollars.
The ambassador and commercial counsellor informed the delegates that the Pakistani private sector has a good potential to enhance cooperation with Spanish counterparts in areas including textiles, food sector, IT, energy and construction.
The ICCI delegation appreciated the efforts of Pakistan Embassy in Spain for opening ‘Zara Buying House’ in Pakistan. Dr Hamid Ali also briefed the delegates about the Emerging Pakistan Initiative of the Ministry of Commerce.
Former ICCI SVP Muhammad Naveed Malik discussed with the ambassador possibilities of organizing a Business Opportunities Conference in Spain next year to highlight the business and investment potential of Pakistan’s economy to the Spanish counterparts.
The delegates also assured that ICCI would work closely with Pakistan Embassy in Madrid to explore all untapped areas of bilateral collaboration.