Governor Sindh Inaugurates FPCCI-backed Pak-Iran Expo Irfan Iqbal Sheikh
Karachi (PR): Mr. Irfan Iqbal Sheikh, President FPCCI, has apprised that being neighboring counties and having a shared border of 909 kilometers, Pakistan & Iran can take their bilateral trade to $5 billion within a short span of 2 – 3 years; through creating interdependencies and complementarities in their trade & economics.
Mr. Irfan Iqbal Sheikh apprised that regional trade accounts for up to 75 percent among regional and geographically-contiguous economic & trade blocs around the world; and, that is a time-tested key to the regional prosperity. It is cost-competitive in not only in product pricing; but, also saves shipping costs; time-saving and creates healthy economic cooperation.
It is pertinent to note that Pakistan-Iran solo exhibition kick-started in Expo Centre Karachi on Monday, January 16, 2023; whereas, Mr. Kamran Tessori, Governor Sindh & Mr. Suleman Chawla, SVP FPCCI, inaugurated the expo – along with top Iranian diplomats. 75 Iranian companies are showcasing their competencies in varied products and services; as diverse as, oil & gas, petrochemical industries, water & electricity industries, foods (dairy, milk, sweets and chocolates), barbed wires, polymer products, tiles & ceramics, galvanized wires, mining, steel & allied industries, construction materials, agricultural products, various machineries, packaging products, home appliances, carpets, etc.
Mr. Suleman Chawla, SVP FPCCI, stressed that Pakistan needs Iran more than Iran does; and, the reason is their vast fossil fuel resource. We can import fossil fuels through land; which is considered the cheapest route for imports, he added.
Mr. Suleman Chawla informed that, as a matter of fact, Pakistan’s natural gas reserves are depleting; and, we
have started importing RLNG. In 2011, we were 100 percent self-sufficient in gas and, in 2021, our
self-sufficiency has been reduced to 82.3 percent.
Mr. Kamran Tessori, Governor Sindh, emphasized that his office will not leave any stone unturned to make Sindh a business, investment, industrialization and trade friendly province. The only way forward for Sindh is industrialization and social uplift, he added.
Mr. Tessori maintained that FPCCI is the right partner for such single-country exhibitions; and, FPCCI’s network in all parts & industries of the country can make bilateral trade with Iran grow to its true potential.
Mr. Hassan Nourian, Consul General of Iran in Karachi, thanked the Governor of Sindh & FPCCI for their full support in making the trade exhibition a reality; and, ensuring a forthcoming attitude of the Pakistani business, industry and trade community towards the Iranian products, companies, businessmen and Iranian embassy’s endeavors to forge trade & commercial alliances between the two countries.
Brig Iftikhar Opel, SI (M), Retd.