Trade deficit with Morocco close to $300mn needs to be addressed: FPCCI

News Image

MG News | April 11, 2022 at 03:16 PM GMT+05:00

0:00

April 11, 2022: Mr Irfan Iqbal Sheikh, President of FPCCI, has stressed that bilateral trade deficit with any country needs to be addressed through enhanced business-to-business and chamber-to-chamber ties; and, FPCCI is the right platform to get the things rolling in the right direction for Pakistan.

Mr Irfan Iqbal Sheikh noted with concern that the bilateral trade deficit with Morocco has reached close to $300 million dollars; which is a big number when assessed in relation to the total bilateral trade of $350 million approximately. He added that there is so much which we can export to the brotherly country of Morocco; namely, value-added textiles, fruits & vegetables, surgical goods, pharmaceuticals, IT services, sports goods, minerals, etc.

Mr Suleman Chawla, Senior Vice President of FPCCI, called upon the Pakistan-Morocco Business Council of FPCCI to play a proactive role during the year 2022 and exchange B2B delegations to explore the avenues for cooperation, trade and joint ventures.

Mr Yahya Chawla, Chairman Pakistan-Morocco Business Council of FPCCI, explained that Morocco has the potential to be a major export market for Pakistan; however, we need to have a thorough need assessment coupled with awareness among the business, industry and trade community of Pakistan.

Mr Sultan Rehman, Senior Vice Chairman of the Council, called upon the Pakistani Ambassador in Morocco, H.E. Hamid Asghar Khan, to facilitate the business community of Pakistan to create linkages with their counterparts in Morocco; specifically with the Morocco Chamber of Commerce & Industry.

Press Release

Related News

Name Price/Vol %Chg/NChg
KSE100 138,412.25
167.69M
0.32%
447.43
ALLSHR 85,702.96
423.92M
0.15%
131.52
KSE30 42,254.84
82.09M
0.43%
180.24
KMI30 194,109.59
84.37M
0.15%
281.36
KMIALLSHR 56,713.67
217.03M
0.03%
16.37
BKTi 37,831.34
13.04M
1.62%
603.62
OGTi 27,440.63
3.93M
-0.09%
-23.70
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 119,255.00 119,740.00
118,145.00
960.00
0.81%
BRENT CRUDE 72.97 73.17
71.75
0.46
0.63%
RICHARDS BAY COAL MONTHLY 96.50 0.00
0.00
2.20
2.33%
ROTTERDAM COAL MONTHLY 104.50 104.50
104.50
-0.30
-0.29%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 69.71 69.86
68.45
0.50
0.72%
SUGAR #11 WORLD 16.56 16.58
16.37
-0.03
-0.18%

Chart of the Day


Latest News
July 30, 2025 at 05:54 PM GMT+05:00

Pakistan BCI decreased by 1.2 points in July


July 30, 2025 at 05:17 PM GMT+05:00

Pakistan consumer confidence falls to 40.1 points in July


July 30, 2025 at 05:03 PM GMT+05:00

PKR rises by 10 paisa against USD


July 30, 2025 at 04:11 PM GMT+05:00

PSX Closing Bell: You Can’t Always Get What You Want



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg