Pak traders invited to Bosnia for joint ventures
Salim Ahmed
Lahore—Bosnia and Herzegovina has a huge potential in a number of sectors including construction, energy, agriculture, infrastructure, textiles, tourism and fresh fruits and Pakistani businessmen can avail the opportunities by initiating joint ventures. These views were expressed by Mr Armin Limo, Ambassador Bosnia and Herzegovina, while speaking at a meeting at the Lahore Chamber of Commerce and Industry on Saturday. LCCI President Zafar Iqbal Chaudhry, Vice President Faisal Iqbal Sheikh and Honorary Consul of Indonesia Jamil A Naz also spoke on the occasion and threw light on issues in the way of two-way trade.
The Ambassador said Bosnia & Herzegovina for being located in the heart of Europe had its 43 per cent of total territory most useful for modern industry.
The Ambassador, who spent well over an hour at the LCCI, invited Pakistani businessmen to visit the country for first-hand knowledge about available opportunities and initiating joint ventures with their Bosnian counterparts.
He said Bosnia and Herzegovina had large capacities in the wooden industry related to production of goods for foreign markets. He said the country was quite rich in the metal industry and opportunities were available in steel and aluminum sectors.
Speaking on the occasion, LCCI President Zafar Iqbal Chaudhry said existing trade relations between the two countries leave much to be desired at. He said continuous engagement of diplomatic missions with the business community of both countries, exchange of business delegations, orientation to products of each others and single country exhibitions could be highly fruitful in enhancing trade between the two countries.
Exchange of information through websites, printed matter, cultural events and documentaries can also help promote bilateral socio-economic relations, he added. Bosnia Herzegovina has a highly developed dairy and auto industry. The Pakistani business community will like to share technology in these sectors through joint ventures. Pakistan is the fifth largest producer of milk in the world and a big market for automobiles, he added.
