Traders (Pak-China Economic corridor opens opportunities of trade with Kyrgyzstan – Kubanychbek)

Islamabad: Mr.Kubanychbek Toktorbaev, Acting Ambassador of the Republic of Kyrgyzstan while addressing the business community of Islamabad Chamber of Commerce & Industry said that opening up of Pak-China Economic Corridor would provide ample opportunities of trade with Kyrgyzstan and neighboring Central Asian countries.

The China economic corridor, when it is made operational, would provide the shortest route to connect Pakistan with Kyrgyzstan and other Central and South Asian countries, said Mr.Kubanychbek Toktorbaev.

He said that both countries have good business potential that can be enhanced through frequent interaction of businessmen from both sides. He said that 300 Pakistani companies are running successful business in Kyrgyzstan and encouraged that more companies should plan to do business there. He said that Pakistani businessmen can invest in small energy projects to meet the energy requirements of Kyrgyzstan.

Highlighting the importance of resumption of direct flight between Pakistan and Kyrgyzstan, he said it can significantly save travelling time, as direct flight from Islamabad to Bishkek reach in almost in one hour. He said that efforts are afoot for early resumption of direct flights.

In welcome address, Mr.Muzzamil Sabri, President Islamabad Chamber of Commerce & Industry said that the trade between Pakistan and Kyrgyzstan is not up to the potential that needs to be enhanced through regular interaction of businessmen and identifying the trading opportunities by both sides.

He suggested that both sides should hold Joint Ministerial Commission meetings on regular basis. The 3rd Session of JMC was expected to be held in November, 2011 but could not be held yet.

The TDAP may sign an MOU of cooperation with the TPO of Kyrgyzstan to develop better interaction between the Trade Promotion Organizations of both the countries, he said.

It was proposed that there should be regular exchange of trade delegations of potential products at least once in a year.

The informative seminars can be organized by Pakistan and Kyrgyzstan to brief the businessmen about the existing business opportunities, said President ICCI.

Meeting was attended by a large number of businessmen. Mr.Shakeel Munir, in his concluding remarks emphasized for greater linkage of private sectors of both sides.

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