A three-member delegation of Pakistan Furniture Council (PFC) Thursday left for Saudi Arabia on three day visit to explore potential in furniture sector besides visiting different cities including Jeddah for opening outlets of Pakistan handmade world class furniture brands to expand local furniture outlook in addition to study the scope of establishment of joint ventures
LAHORE (Pakistan Point News / NNI - 07th March, 2019) A three-member delegation of Pakistan Furniture Council (PFC) Thursday left for Saudi Arabia on three day visit to explore potential in furniture sector besides visiting different cities including Jeddah for opening outlets of Pakistan handmade world class furniture brands to expand local furniture outlook in addition to study the scope of establishment of joint ventures.Prior to his departure for Jeddah, PFC Chief Executive Mian Kashif Ashfaq said this tour was arranged at the invitation from Saudi investors and businessmen.
He said during official visit of Saudi Crown Prince Muhammad bin Salman, the Saudi delegation also expressed their interest in investing in furniture sector besides offering the same investment opportunity in Saudi Arab through joint venture. He said Saudi Arabia is a big deal for Pakistani furniture producers after UAE as there is great potential of expanding furniture trade as Pakistani handmade traditional furniture is at higher demands in international markets.
He further said they will also hold meetings with their counterparts to chalk out a combined business strategy to enhance trade between both the countries.Mian Kashif underscored that there should be regular exchange of meetings between the investors and businessmen of the both countries. It will open up new avenues of investment and further boost the relations between the two countries, he added.He said Saudi Arabia was our true friend and brotherly country while every Pakistani considered Saudi Arabia as his second home.
Both countries were connected with each other through religious, cultural and economic linkages which provided fresh impetus to their relations, he added.He emphasized that Pak-Saudi Arabia relations were of special importance and there was a great atmosphere of trust and love between the two countries which was an example for the world. He underlined that the two countries were cooperating in various fields while continued efforts were required to further enhance ties in furniture sector.
He said that it is first time in the history of the country that an elected prime minister of Pakistan Imran Khan has categorically announced that foreign investments will be fully protected and congenial and conducive business environment will be ensured to foreign and local investors.He said that Prime Minister Imran Khan has also offered an excellent attractive package of incentives to foreign and local investors. He said that Saudi investors will be convinced and persuaded for direct and indirect investment in Pakistan having cheap labour. NNI
