Pakistan must focus on untapped markets including Russia: BACP chief
FAISALABAD: President of Russia-based organisation, Business Association for Cooperation with Pakistan, Jawad-ur-Rehman has said Pakistan must realign its trade and industry strategy and focus on untapped markets including Russia and other land-locked Central Asia Republics.
Addressing an awareness session on 'How to enhance exports to Russia' at Faisalabad Chamber of Commerce and Industry (FCCI) here, he expressed deep concern over present trade volume between the two countries and said that Pakistan must make serious efforts to enhance it.
He said that the BACP was a non-profit organisation and it would play its role in giving a quantum jump to trade between two countries.
Jawad said there was a ban on export of Basmati rice from Pakistan, adding that a specific lobby was responsible for the ban. He said the ban would end in next few days and Pakistan must explore new opportunities to export rice to Russian markets.
He said Russian officials recently visited Pakistan and approved two rice units for export of the commodity to Russian buyers. He said that Russia had banned import of various agriculture products from a number of European countries and Pakistan must fill that vacuum by entering the Russian markets.
Ms Madina Tavitova Gerorgivna of BACP gave a detailed presentation on Russian economy and emerging market opportunities. - APP