International Carpet Exhibition: Carpet makers concerned over not release for funds

LAHORE: The Pakistan Carpet Manufacturers and Exporters Association has expressed serious concern over the absence of approved funds for the 42nd International Carpet Exhibition to be held this October.

This delay poses a risk of hindering preparations and disrupting vital connections with foreign buyers.

During a meeting chaired by Chairman Mian Atiq-ur-Rehman today, the association emphasized the need for immediate financial approval.

This funding is necessary for organising the event and establishing contacts with international buyers, who historically contribute millions of dollars through deals at the exhibition.

In addition to concerns about funding for the Lahore event, issues regarding subsidies for participation in global exhibitions remain unresolved. This is particularly important as 18 renowned exporters are registered for an exhibition in China in July, but they are awaiting subsidies from Pakistan’s Trade Development Authority. This delay has sparked fears that Pakistan may miss a crucial opportunity to showcase its carpet products on a global stage.

The Trade Development Authority has been urged to expedite funding approval to arrange necessary logistics such as hotel accommodations and reception packages for international participants. The association also emphasized the importance of subsidies for upcoming exhibitions in Turkey and Germany, stressing that they are crucial for preparation and participation.