Pakistan Observer

Pakistan-Ukraine Business Council formed

Staff Reporter

Thursday, April 26, 2012 - Karachi—Pakistan-Ukraine Business Council (PUBC) has been formed with the election of nine directors at the annual elections held at the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) here last week.

Those elected include, Nadeem Khaild, Shahid Jaffery, Muhammad Farooq Afzal, Shamim Firpo, Ahsan ul Haq Siddiqui, Chaudhry Muhammad Asghar, Rasheed Abro, Waheed Ahmed and Abdul Rauf Tabani.

The business council had sent a delegation in December 2011 to Ukraine where the delegates met officials and businessmen in the Ukraine Chambers of Commerce and Industry in Kiev. Meetings with officials of economic and foreign ministries were also held. PUBC delegates also called on the deputy prime minister of Ukraine.

After the visit of the business council’s delegation, had responded by forming a counterpart Ukraine Pakistan Business Council under the umbrella of the Ukraine Chamber of Commerce and Industry.

The Ukraine CCI has intimated FPCCI for bringing a trade delegation during the third week of May 2012 under the leadership of Oleksander Ivanchuk, the president of the Ukraine Pakistan Business Council, to explore further enhancement of business relations between the two countries. During his visit to FPCCI, Oleksander Ivanchuk will also discuss to establish a Joint Business Council with FPCCI.

Engr M A Jabbar, the Honorary Consul of Ukraine in Karachi, highlighted the trade history between the two countries and said that Ukraine’s participation of services existed since the installation and coming into operation of metallurgical plant in Pakistan Steel Mills in Karachi. Ukraine, he said, had been Pakistan’s strategic partner in supply of armaments, adding that Kiev had transferred technology for the indigenous development of tanks for defense uses.

Ukraine, with its mining expertise, power generation, avionics and aerodynamics, could be a negotiating hub for transfer of technology to Pakistan.

One of the biggest grain producers, Ukraine could also transfer its agro-science knowledge for increasing crop yields, besides participating in Public-Private Partnership projects in Sindh and in other provinces for construction of grain silos.

Ukraine, he said, could also comfortably rehabilitate old power stations helping Pakistan overcome the current power crisis.

The 40-million-ton steel economy with mining expertise could help in the development of iron ore mines in Balochistan, including providing de-sulphurisation plants to improve iron ore grade for producing steel in Pakistan. Besides, he said, the country could also help develop coal-based power generation.

Jabbar said that he was keeping close liaison with the Pak-Ukraine Business Council of FPCCI and Pak-Ukraine Trade Center in Karachi to help in exchanges of trade information provided by Ukraine’s embassy in Islamabad and from various sources in Ukraine. The research carried out by the council and the trade centre could suggest ways and means for both countries to identify impediments, removal of which will help in increasing business volumes.

He said that the new Ambassador Volodymyr Lakomov had indicated the possibility of joining the visiting members of the Ukraine Pakistan Business Council during May this year in Pakistan. He also intends to call on the chief minister, governor and Speaker of the Sindh Assembly during the visit, besides visiting industrial establishments and trading houses.
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