Faisalabad: Pakistan Business Association (PBA) Korea Advisory Board Member Muhammad Asghar Bangi briefed President Faisalabad Chamber of Commerce and Industry (FCCI) Farooq Yousaf Sheikh on Tuesday about an upcoming business conference in South Korea for promoting trade, investment and direct business linkages between Pakistani and Korean entrepreneurs.
During his visit to FCCI, Bangi informed the FCCI President that the conference would be held on August 18 in South Korea and it would feature Business-to-Business (B2B) meetings between Korean companies and Pakistani delegates to explore trade and investment opportunities. He said that around 280 business personalities were expected to participate in the conference while 39 sponsors were supporting the event.
He said that all delegates would attend the conference on self-financing basis whereas the association would provide two official dinners and local transportation. Accommodation, however, would not be covered even at the conference venue hotel, he added.
He said that Embassy of Pakistan in South Korea was extending cooperation for successful organization of the conference. He further informed that Pakistan Business Association (PBA) Korea had already signed Memorandums of Understanding (MoUs) with three chambers of commerce and additional information regarding the event could be obtained from association’s media coordinator Dr. Muhammad Sabir.
Welcoming the visiting delegation, FCCI President Farooq Yousaf Sheikh highlighted Faisalabad’s pivotal role in Pakistan’s economy. He said that Faisalabad chamber had more than 22, 000 members representing 128 industrial and trade sectors, making it one of largest business representative bodies of the country.
He said that Faisalabad ranked second in Pakistan in tax contributions and remained backbone of the national economy. The city accounted for nearly 67 percent of total textile exports of the country, he added.
Referring to the proposed business delegation to South Korea, Farooq Yousaf Sheikh stressed the importance of defining clear objectives well before the visit to ensure meaningful outcomes and maximize trade and investment opportunities for both countries.
Later, the FCCI President presented an honorary shield to Muhammad Asghar Bangi in recognition of his efforts to promote Pakistan-Korea business cooperation. FCCI Vice President Engineer Asim Munir was also present on the occasion.