Envoy urges Pakistani businessmen to tap potential of Canadian market

November 21, 2022

Deputy Head of Mission designate to Canada Faisal Kakar has urged Pakistani businessmen to tap the trade and export potential of the Canadian market and establish a base there to capture the North American markets."Canada is an import-oriented country, and the business community of Pakistan has a good opportunity to tap this potential market for trade and exports," he said while exchanging views with the business community during his visit to the Islamabad Chamber of Commerce and Industry (ICCI).

He said that Pakistan can export many products to Canada, including rice, textiles, IT products, and software, while the private sector can also set up a base in Canada and capture the North American markets. He pledged to make an effort to inform ICCI of every business prospect for Pakistanis in Canada so that the private sector might take advantage of them.

Faisal said that he will help Canadian and Pakistani businesspeople meet online to discuss potential areas of collaboration. ICCI President Ahsan Zafar Bakhtawari noted that with stronger efforts, bilateral trade may rise to US$5 billion compared to US$ 1.11 billion in 2020. He emphasised that in order to explore new areas of collaboration, both countries should concentrate on creating solid commercial ties between their private sectors.

Ahsan recommended that the Pakistani High Commission in Canada look into the goods that are in high demand there and inform the chambers of business and industry so that Pakistan's private sector may increase its market share in Canada. He emphasised the need to encourage the Pakistani diaspora in Canada to invest in Pakistan and said that several areas of Pakistan's economy present excellent potential for joint ventures and investment.

Credit : Independent News Pakistan-WealthPk