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our correspondent
Saturday, September 15, 2012
From Print Edition
 
 

 

KARACHI: The soon to be held Expo Pakistan 2012 exhibition is attracting a large number of international buyers and its success will help attract foreign investment in Pakistan, said Commerce Minister Makhdoom Amin Faheem.

 

He was talking to media representatives at the Trade Development Authority of Pakistan (TDAP) office on Friday. He added that the exhibition will be conducted according to international standards.

 

Over 600 foreign dignitaries from more than 50 countries representing different sectors are expected to participate at the exhibition at the Karachi Expo Centre from Oct 4-7.

 

The first two days of the event will be reserved for trade visitors, while the last two days will be open to the public, so that people of Karachi could experience the vast variety of products of international standards produced in Pakistan. More than 300 stalls are reserved by different product sectors to showcase the high-quality product line of the show. The stalls booked by local producers will have diversified products on display.

 

“Pakistan’s commercial diplomats, deputed in other countries, were asked to return to the country by Aug 31 due to the exhibition, as the show was postponed for a month on their suggestions,” said Faheem. “While the global economy faces recession, the country’s commerce ministry seeks to take measures to increase exports.”

 

He further added that the deteriorating law and order situation creates hurdles in attracting foreign investment, which is why foreign buyers feel afraid to invest in Pakistan.

 

Furthermore, the TDAP was advised to conduct a conference of stakeholders and commercial consulars deputed in other countries to facilitate all the stakeholders.