PARIS, Nov 11 (APP):The Pakistan American Chicago Chamber of Commerce (PACCC) and Pakistan Business Forum Europe (PBFE) signed a Memorandum of Understanding (MoU) on Wednesday to strengthen business cooperation and expand trade and investment opportunities for the Pakistani business community in Europe and the United States. Under the agreement, the two overseas Pakistani business organisations would work together to promote commercial linkages between the two major global economic regions and …
Pakistani business chambers in US, Europe sign MoU to boost trade ties
PARIS, Nov 11 (APP):The Pakistan American Chicago Chamber of Commerce (PACCC) and Pakistan Business Forum Europe (PBFE) signed a Memorandum of Understanding (MoU) on Wednesday to strengthen business cooperation and expand trade and investment opportunities for the Pakistani business community in Europe and the United States.
Under the agreement, the two overseas Pakistani business organisations would work together to promote commercial linkages between the two major global economic regions and explore new international business opportunities, a news release said.
President PACCC Naveed Anwar and its Vice President Aamir Hanif signed the MoU on behalf of the chamber, while Chairman PBFE Sardar Zahoor Iqbal, its Founder Haji Aslam Chaudhry and Vice President Hamza Taj Sukhera signed on behalf of the forum.
Federal Parliamentary Secretary for the Ministry of Overseas Pakistanis Chaudhry Ehsan-ul-Haq Bajwa was the chief guest at the signing ceremony.
Congratulating both organisations, he said overseas Pakistanis were a valuable national asset and permanent ambassadors of the country.
He emphasised that cooperation between Pakistani businessmen and business organisations abroad was the need of the hour, adding that the MoU would strengthen interaction among Pakistani-origin entrepreneurs and business institutions in Europe and the United States.
Speaking on the occasion, Naveed Anwar thanked the PBFE leadership for the cooperation and said overseas Pakistanis were demonstrating their capabilities in trade, business and other fields.
He said collaboration between Pakistani-origin business organisations in Europe and the United States would benefit Pakistan as well as the overseas Pakistani community.
He added that the agreement would help Pakistani entrepreneurs explore new markets in both regions and benefit from each other’s business experience and expertise. He also invited the PBFE leadership to visit Chicago.
Sardar Zahoor Iqbal welcomed the agreement and described the partnership as a milestone towards economic growth and the creation of new business opportunities.
The ceremony, held at the PBFE head office in Paris, was attended by office-bearers of Pakistan Business Forum France, prominent business personalities and a large number of members of the Pakistani community.
