English Press Release 04.11.2019

FAISALABAD. Spanish businessmen are regularly visiting Pakistan despite of travel advisory while another delegation from Spain will land in Pakistan during next week. It will also visit Faisalabad in addition to having meetings in Lahore and Karachi, said Mr. Manuel Duran Ambassador of Spain.

Addressing a function in Faisalabad Chamber of Commerce & Industry (FCCI) here today, he said that undisputedly Faisalabad is industrial, commercial and business hub of Pakistan. “Being a textile capital many local units are also using Spanish textile machinery”, he told.

Regarding trade, he said that it is a bilateral process and we hope that it will grow satisfactorily in the coming years. He appreciated a proposal to give space to Pakistani youth specialized in IT so that they could contribute their role in the economy of Spain. About dairy sector, he said that Spain has expertise in food processing. However, interested businessmen must point out their specific field so that their proposals and suggestions are processed on scientific lines.

Regarding fashion industry, he suggested that Pakistani exporters should contact their embassy in Madrid to fine tune this idea. About visa related, he told that as our visa is equally acceptable in all Schengen countries, hence they have to follow the rules very cautiously.

Responding to a question of Secretary General FCCI Mr. Abid Masood, Commercial Attaché Mr. Miguel Pena said that he is ready for exchange latest economic data of Spain with this chamber.

Earlier, in his address of welcome, President Rana Sikandar Azam introduced Faisalabad and FCCI. He told that though textile is iconic identification of Faisalabad, yet other sectors including chemicals, rice, sugar, ghee, engineering, poultry and agriculture are also contributing their humble role in its overall uplift.

He told that Faisalabad has unique privilege to house Asia’s biggest socks manufacturing unit, biggest rice and state-of-the-art chemical unit. He told that Faisalabad alone is contributing 50 percent share towards total textile exports of Pakistan. “Trade between Pakistan and Spain has witnessed a phenomenal increase after the facility of GSP Plus”, he said and further told that a trade delegation of Faisalabad had already participated in “ITMA” Fair while many Pakistani exporters are manufacturing leading Spanish brands.

Quoting M-3 Industrial City, he told that Pakistan and Spain could establish joint venture in ceramics, manufacturing of textile machinery, IT, Dairy and Food Processing in its Special Economic Zone.

Former President Mian Javed Iqbal stressed the need of direct contacts between the business communities of two countries and hoped that Spanish businessmen would also give their footprints in Pakistan following the example of China and other countries.

About the International Fairs organized by Spain, he said that we must now concentrate on the organization of Pak-Spanish Specific exhibitions in two countries.

He also mentioned emerging textile fashion industry in Pakistan and said that Spain should extend scholarship to Pakistani fashion designers so that they could cater to specific needs of Spain in this important field. “If Spanish businessmen could not visit Pakistan even than we could easily arrange catalogue exhibition in collaboration with Spanish embassy”, he added.

A question-answer session was also held in which Syed Zia Alumdar Hussain, Kashif Zia, Dr. Sajjad Arshad, Babar Shehzad and other members also participated. A documentary about Faisalabad and FCCI was also screened.

Later, Vice President Bilal Waheed offered votes of thanks while former President Mian Javed Iqbal presented FCCI shield to Mr. Manuel Duran Ambassador of Spain.

Earlier, recording his impressions in visitor’s book of FCCI, Mr. Manuel Duran Ambassador of Spain thanked FCCI for their warm hospitality.

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