FPCCI holds Pakistan-ASEAN Business Roundtable

Business Recorder reported that FPCCI and the Philippine Honorary Consulate in Karachi convened a Pakistan-ASEAN business roundtable, bringing together diplomats, officials and business representatives. Participants discussed ways to expand trade and investment ties, including a proposed business forum, trade fairs, joint ventures and improved transport links.

FPCCI Senior Vice President Saquib Fayyaz Magoon said bilateral trade is around USD 11-12 billion, while Pakistan’s exports are below USD 1.5 billion. Proposals also included reviewing trade arrangements with Indonesia and Malaysia, pursuing agreements with other ASEAN countries, and creating a proposed one-year, multiple-entry business visa facility, subject to participating countries’ approval. The roundtable concluded with plans for a two-year cooperation roadmap and quarterly FPCCI-ACI meetings.