Ambassador of the Republic of Lebanon in Pakistan ( pictured)
He said in 2006-07 over all trade volume was around 40 million dollars, which is much less than the existing potential between the two countries. The ICCI president said both the countries should exchange trade delegations, which will provide opportunities to businessmen of Pakistan and Lebanon to understand each others market. Abbassi said businessmen could also participate in the trade exhibitions in the respective countries to develop business linkages with the respective counterparts. He said market study should also be carried out to find out the opportunities of business in the areas of common interest.
The ICCI president said economies of various countries of the world, are under pressure, due to rise in the fuel prices. He said Pakistan had to face great economic challenges, due to changing world scenario but however, great investment and trading opportunities are available for foreign investors and traders. He said countries should work for economic might, and should avoid spending money on defense.
He invited business delegation of Lebanon to visit Islamabad Chamber of Commerce & Industry for meetings with the business community and suggested that a Memorandum of Understanding should also be signed between the chambers of both the countries, which will help in accelerating the trade and investment activities between Pakistan and Lebanon. He said that since Lebanon is good in the agriculture, therefore, both countries could cooperate with each other in this sector as well and suggested for the cluster development in collaboration with its companies .
The ambassador also gave the information on CD about Lebanon entrepreneurs and it was agreed that a Memorandum of Understanding should be signed in near future between Islamabad Chamber of Commerce and Industry and Chamber of Commerce and Industry and Agriculture of Beirut and Mount Lebanon.
Rehaime said quality of electric generators of Lebanon was very good and because of this reason Pakistan is importing generators from Lebanon. He said Pakistan could also import other quality products from Lebanon.
Generators, UPS sales up to offset loadshedding
Sale of generators and UPS batteries have increased in the country as people are going for alternative mode of electricity to offset massive loadshedding. "Children are preparing for their exams and loadshedding has made our lives miserable that is why we are purchasing UPS", a mother said while talking to a local news channel. UPS is in high demand as 99 out of 100 electricity consumers are trying to buy a UPS to cope with loadshedding. They are ready to pay in advance but the commodity is not available in the market. About 3-4 tube lights and ceiling fans can function for about 6 hours with one UPS of Rs 15,000. UPS components, especially batteries have also become more expensive. A salesman said," We manufacture 5 or 6 UPS systems in a day but there is shortage of UPS components in the market and we are therefore working below our capacity.
Lebanon is a major manufacturer and user of UPS ( uninterrupted power supply) systems , because of the power blackouts and could easily meet the demand for Pakistan
Tags: Business, Lebanon, Pakistan, the post
