The four-day Expo Pakistan
started at Karachi Expo Centre today. As many as 39 leading buyers of textile
and food sectors from across the UK are participating in Expo to explore
business opportunities in Pakistan. These sectors have been identified in view
of their enormous potential which can be leveraged to increase our market
share, says a press release received from London here today.
Targeted and focused efforts are being made by Ministry of
Commerce and Trade Development Authority of Pakistan (TDAP), to encourage the
producers of high quality products to increase Pakistan exports. The Commercial
Wings of the High Commission in London and Manchester worked closely with the
UK business companies to take them to the Expo.
Pakistan Exports to the British market witnessed a robust
growth of 8% in 2016. During the first 8 months of the current calendar year,
Pakistan exports have again increased by 9% as compared to the corresponding
period last year. The main driver of growth is textile products, and food items
i.e. fish, vegetables, fruits, etc.
Events like Expo Pakistan help strengthen the commercial
ties between Pakistan and the rest of the participating countries by attracting
the foreign buyers globally. First held in 2005, the success of last edition of
Expo Pakistan was manifested by the participation of a large number of local
and foreign buyers who transacted business deals worth more than US$ 1.2
Billion.
Expo Pakistan is the biggest trade event in Pakistan,
showcasing the largest collection of Pakistan's export merchandise and services.
Foreign exhibitors from neighboring countries also use this platform to launch
their products. Held annually, the four-day Expo Pakistan has become the
primary sourcing point for a large number of businesses from around the globe,
giving them a head start on buying and ordering for coming seasons.
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