PFC delegation leaves for Saudi Arabia

ISLAMABAD, Mar 6 (APP):A three-member delegation of Pakistan Furniture Council (PFC) Wednesday left for Saudi Arabia on a three-day visit to explore potential in the furniture sector.
The delegation will visit different cities, including Jeddah, for opening outlets of Pakistan handmade world class furniture brands to expand local furniture outlook in addition to study the scope of establishment of joint ventures.
Prior to his departure for Jeddah, PFC Chief Executive Mian Kashif Ashfaq, in a press statement, said the tour was arranged at the invitation from Saudi investors and businessmen.
He said during the Saudi delegation which accompanied Crown Prince Muhammad bin Salman during his recent visit, also expressed their interest in investing in the furniture sector, besides offering the same investment opportunity in Saudi Arabia through joint ventures. He said Saudi Arabia was a big deal for Pakistani furniture producers after the United Arab Emirates as there was great potential of expanding furniture trade as Pakistani handmade traditional furniture was at higher demands in international markets.
He said they would also hold meetings with their counterparts to chalk out a combined business strategy to enhance trade between both the countries.
Mian Kashif underscored that there should be regular exchange of delegations of investors and businessmen of the both countries, which would open new avenues of investment and further boost their relations.
He said Saudi Arabia was a brotherly friendly country while every Pakistani considered Saudi Arabia as his second home. Both the countries were also connected with each other through religious, cultural and economic linkages which provided fresh impetus to their relations, he added.
He emphasized that Pak-Saudi Arabia relations were of special importance and there was a great atmosphere of trust and love between the two countries.
He underlined that the two countries were cooperating in various fields while continued efforts were required to further enhance ties in furniture sector.
He said that it was first time in the country’s history that an elected prime minister had categorically announced that foreign investments would be fully protected and congenial and conducive business environment would be ensured to foreign and local investors.
He said Prime Minister Imran Khan had also offered an excellent attractive package of incentives to foreign and local investors. They would pursue the Saudi investors r direct and indirect investment in Pakistan, where cheap labour was available, he added.