SCCI calls for cementing Pak- Philippines bilateral trade ties.

06 July 2024

PESHAWAR: Sarhad Chamber of Commerce and Industry senior vice president Sanaullah Khan stressed the need for further cementing bilateral trade and economic relations between Pakistan and Republic of Philippines.  

The senior office bearer said there is immense potential to enhance mutual trade between Pakistan and the Philippines.

He, however, emphasized joint initiatives must be taken to benefit from each other's experiences and potentials to improve trade and economic ties between the two countries.

Sanaullah Khan made these remarks during a visit of Maria Agnes M Cervantes, Ambassador of Philippines to Pakistan along with her other members of delegation here at the chamber house on Saturday.

Vice president of the SCCI Ejaz Khan Afridi, FPCCI former president Ghazanfar Bilour, former vice president of the FPCCI Hanif Gohar, Honorary Consul General of Philippines in Karachi Dr Imran Yousuf, Honorary Consul General  Philippines in Lahore Fahdal Sheikh, member of 10-members delegation of Philippines, former president Sherbaz Bilour, former senior vice president Imran Khan Mohmand, member of the chamber executive committee Affaf Ali Khan, Qurat Ul  Ain, Monawar Khurshid, Naeem Qasmi, and Fahad Amin, and Sohail Javed, Ihsan Ullah, Waqar Ahmad, Saddar Gul, Faiz Rasool, Acting Secretary General Muqtasid Ahsan, Secretary Sohail Anjum, traders and industrialists were present in a large number during the meeting.

Maria Agnes M Carvantes while speaking on the occasion invited Khyber Pakhtunkhwa businessmen to visit the Philippines and make investment in potential sectors of the country. 

She said prospects for further improving Pak- Philippines bilateral trade and economic relations are brighter.

She added both countries have enjoyed cordial trade, cultural and diplomatic relationships and needed to fully exploit each other's potentials and take each other's experiences to further enhance collaboration in multi-sectors.   

During the meeting, a detailed multi-media presentation was given by a senior office of the embassy, highlighting the Philippines historic importance, potentials, trade volume, investment opportunities in important sectors, which was highly appreciated by participants.

Sanuallah Khan said KP/Peshawar is the golden gateway to Afghanistan and onward regional countries.

He said KP business and trade mostly depend on trade with neigbouring Afghanistan and central Asian republic states.

Senior office bearer said Pak- Philippines bilateral trade volume is not a true reflection of relations between them.

He said there are ample opportunities to enhance the bilateral trade volume between the two countries.

Pointing out potentials of KP, Sanaullah said that this region is a lucrative destination for the foreign investment, stating that vast opportunities exist for foreign investors to make investment in rich mineral deposits, oil, gas, hydel power generation, tourism and other important sectors in K-P.

The chamber senior office bearer stressed the need for exchange of business delegations, holding of joint trade exhibitions, taking each other's experiences and potentials to improve the mutual trade between the two countries.

FPCCI former president Ghazanfar Bilour also spoke on the occasion and expressed a wish to visit the Philippines with a delegation of the SCCI and explore investment avenues, which was welcomed by Ambassador Maria Agnes M Carvantes.

Former FPCCI VP Hanif Gohar also addressed the meeting and highlighted the potentials of both countries that can improve the bilateral trade between Pakistan and Philippines.

He said the FPCCI delegation will visit the Philippines in August and the visit will play an important role to enhance bilateral trade relations between the two countries.