President, Business Forum Punjab (BFP), Ibrahim Qureshi has emphasised upon increase in bilateral trade between Pakistan and Argentina through joint ventures in sectors including pharmaceutical, leather and sports goods. He was delivering welcome address to the Argentinean Deputy Head of Mission Eduardo Bustamente during his visit to BFP.
Ibrahim said that Pakistan exports have strong potential to grow in the Argentinean market, especially in the areas like leather goods, polo accessories, sports goods (Footballs) and fashion clothing. Further, he pointed out that Ferozsons Pakistan has successfully set up BF Bio Sciences, Pakistan's first Bio Technology Plant in collaboration with BAGO Pharmaceuticals Argentina to prepare medication for Hepatitis C and Cancer patients in Pakistan.
Ibrahim also said that existing trade volume with Argentina was encouraging, which could be improved further with increase in bilateral trade. According to him, the art and culture was another area where both Pakistan and Argentina can tap the potential and strengthen bilateral relations further.
Speaking on the occasion, the Argentinean Deputy Head of Mission Eduardo Bustamente said the purpose of his visit to BFP was to promote bilateral relations with Pakistani businessmen and look for investment opportunities towards Pakistan. He said Argentina has been benefiting from Pakistani products and considering seriously of promoting bilateral trade and investment with the help of forums like BFP. He agreed with the idea of joint ventures between the businessmen of two sides and assured of full cooperation from the Argentinean embassy in this regard.
He also appreciated the leadership of BFP for providing an effective platform to domestic and international businesses for mutual benefits of two sides. He said that the BFP projects are of high importance in promoting Punjab as a next economic and investment hub of Pakistan.
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