Pakistan’s pharmaceutical merchandise has immense scope to enter Lebanon’s market because the nation imports expensive medicines from completely different nations, stated Ambassador of Pakistan to Lebanon Salman Ather.
He was of the view that a number of work was wanted to introduce Pakistani merchandise within the Lebanese markets to take advantage of its full potential.
Speaking to businessmen on the Lahore Chamber of Commerce and Trade (LCCI) on Monday, the envoy underlined that a variety of Pakistani merchandise could possibly be exported to Lebanon provided that it was a consumer-based market.
“Both countries have plenty of potential to enhance cooperation and form joint ventures in construction, tourism and many other sectors of economy,” he stated.
Assuring his full assist in strengthening bilateral linkages, he stated that digital conferences between the businessmen of either side can be organized.
On the event, LCCI President Mian Nauman Kabir highlighted that Pakistan might improve the exports of surgical devices, sports activities items, footwear, gentle engineering items, processed meals and automotive elements to Lebanon.
Citing information from the State Financial institution of Pakistan (SBP), he identified that Pakistan’s exports to Lebanon have been recorded at $9.6 million in 2020-21, whereas imports stood at round $2.9 million.
In the course of the first 5 months of this fiscal yr (July-November), Pakistan’s exports to the nation stood at round $4.4 million, whereas imports from Lebanon clocked in at $1 million.
Cargoes to Beirut primarily consisted of rice, pharmaceutical, cotton, textile and plastics, whereas imports primarily comprised iron and metal, he talked about.
“There is a immense potential for both countries to enter into joint ventures in the construction sector,” he remarked.
Printed in The Specific Tribune, January 18th, 2022.
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