Fazal Qadir Sherani, President FPCCI has nominated Muhammad Farooq Afzal, CE of ITN group of companies as Chairman Pakistan Russia Business Council (PRBC) of FPCCI for the 2013 term. He advised that new Council to promote and increase Pakistan's trade collaboration in joint venture and investment opportunities and possibilities of trade delegation exchange.
After the nomination as Chairman, Farooq Afzal said that tremendous potential existed to enhance the trade and economic ties between Pakistan and Russia in various sectors requiring focused attention through identification of specific projects. He said that the current level of bilateral trade does not reflect true potential and both side needs to increase it from the current level which is ranging from 300 to 400 million USD to one billion dollars via pragmatic trade promotion strategy. He said that Russia has a consumer goods market more than 2.3 trillion USD and could accommodate Pakistan's exports, by making arrangements in reducing the tariff, dismantling of the other impediments other than tariff which are commonly classified as TBT and NTB. Farooq Afzal said that to achieve the above mention goals the PRBC will co-ordinate closely with the concerned Ministries, TDAP, Russian Embassy and Consulate in Islamabad and Karachi as well as Pakistan Embassy in Russia.-PR
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