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Expo Pakistan fetches $ 517m orders: Puri

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This was stated by the chief executive of Trade Development Authority of Pakistan (TDAP) Tariq Puri while addressing a press conference at the venue of exhibition here on Saturday.

He said that around 1,650 business meetings were held between the buyers and the Pakistani exhibitors and manufacturers, while 1,093 foreign buyers visited at different products stalls.

He pointed out that as much as 15 memorandums of understanding (MoUs) have been signed during the mega event.

Puri said that a Hong Kong based company M/s Ormita has signed a MoU with a Pakistani food company M/s Alpha Dairies worth $ 120 million for the first year with a provision to go up to $ 300 million.

He told newsmen that a Polish company is finalizing partnership deal with Pakistani company in IT Software with tentative business of $ 1 billion.

Another Polish company is interested in partnership with a Pakistani company for setting up a flood rehabilitation centre in DHA with an initial investment of $ 122 million, he added.

He said that Prime Minister Syed Yusaf Raza Gilani was presided the formal inaugural ceremony held in Governor House on October 19 while Commerce Minister opened the show on October 20.

He said Expo Pakistan was organized in five halls whereas the hall number 6 has been allocated for running fashion shows by leading fashion designers of Pakistan on all the four days.

Puri pointed out that overall 295 exhibitors, who are the leading exporters of Pakistan have setup their stalls in Expo Pakistan.

Replying to a question, he said that 582 plus foreign buyers delegates are on the visit to Expo 2011.

He said TDAP had provided services of interpreters in Chinese, Japanese, French, Spanish, Arabic, German and Russian to foreign buyers.

Responding to a question, Puri met with 22 foreign countries delegations in last three days. The included China, Japan, UK, USA, France, Brazil, Greece, Argentina, Madagascar, Belgium, South Africa, South Korea, Poland, Malaysia, Nigeria, New Zealand, Panama, India, Hong Kong, and Columbia.

Some of the delegations were headed by their ministers or high trade officials. Chinese delegation was headed by vice chairman China Counsel for Promotion of Trade.

Malaysia delegation was headed by Haji Abdul Maalik, Penang State Minister. Madagascar delegation was headed by Minister for Trade.

He said TDAP had set up a dedicated B2B Secretariat in the level 2 of Expo Centre where separate hall was allocated for back-to-back meetings by Karachi Chamber of Commerce and Industry whose President Mian Abrar Ahmed was available and he met with delegates. A separate hall was provided to FPCCI.

Copyright APP (Associated Press of Pakistan), 2010