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MoU signed between PCSH, LCCI

June 30 2020, 10:30 pm

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Lahore, June 30 (Online Int’l): President of the Lahore Chamber of Commerce & Industry Irfan Iqbal Sheikh has said that Germany is one of the biggest and lucrative markets in Europe.

Pakistani business community should explore greatest number of opportunities. He was speaking at the Memorandum of Understanding (MOU) signing ceremony between the Lahore Chamber of Commerce & Industry and Pakistan Cultural Society – Hamburg (PCSH) at the LCCI on Tuesday.

LCCI Vice President Mian Zahid Jawaid, Executive Committee Member Shahzad Aslam and President PCSH Abid Aslam also spoke on the occasion.

Irfan Iqbal Sheikh said that both Germany and Pakistan have good diplomatic relations and these ties are well reflected in two way trade. Germany is also one of the top trading partners of Pakistan but there is a lot of room for expanding two-way trade.

The LCCI President said that Pakistan has a lot to offer to German Investors, particularly in the areas of mega infrastructure and renewable energy projects. Pakistan has a very vibrant and growing Information Technology sector which offers a tremendous room for Joint Ventures between two countries.

He added that market Intelligence Reports can serve as a good tool to know about the potential areas of a country. These reports would apprise them about the potential products and the potential trade partners in German market.

Irfan Iqbal Sheikh said that strong liaison between Chambers of Commerce & Industry and business institutions of the two countries would definitely enhance the mutual trade volume.

President of Pakistan Cultural Society – Hamburg Abid Aslam informed the LCCI office-bearers that PCSH would open a “Pakistani Culture Center” in Hamburg City to promote Pakistan’s Culture and to resolve the issues being faced by the overseas Pakistanis in Germany.

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