Skip to content
Islamabad --°
--:--:--

COMMERCE NEWS

Markets · Business · Economy

BREAKING
Latest News

Netherlands Envoy Urges Stronger Business Partnerships With Lahore Chamber Members

Netherlands Envoy Urges Stronger Business Partnerships With Lahore Chamber Members (Image 1)

LAHORE (special crosspondent) – The Chargé d’Affaires of the Embassy of the Kingdom of the Netherlands, Hajo Provo Kluit, has stated that the Lahore Chamber of Commerce & Industry (LCCI) acts as a vital bridge between the business community and the public sector, making it an indispensable partner for bolstering Pakistan-Netherlands economic relations. Addressing the chamber, he noted that with more than 48,000 members representing diverse industrial sectors, the LCCI possesses significant market intelligence that can assist Dutch companies in identifying viable business opportunities and reliable local partners. He emphasized that consistent dialogue between the Embassy and the LCCI is essential to expand bilateral trade and investment. Furthermore, he observed that many successful Dutch companies operating in Pakistan are small to medium-sized family businesses that have thrived by establishing robust partnerships with local enterprises. He stressed that facilitating connections between Dutch firms and trustworthy Pakistani partners would open new avenues for economic cooperation and joint ventures.

Strategic Engagement and Bilateral Trade

Netherlands Envoy Urges Stronger Business Partnerships With Lahore Chamber Members (Image 2)

These remarks were made during a visit to the LCCI, where Mr. Kluit was received by Acting President LCCI Tanveer Ahmed Sheikh. The delegation included Ms. Maria Erfan, Senior Economic Advisor at the Embassy of the Kingdom of the Netherlands. LCCI Executive Committee members, including Karamat Ali Awan, Sheikh Fayyaz, Ali Imran, Mohsin Bashir, Nadeem Ansari, Firdous Nisar, and Amna Randhawa, were also in attendance. Welcoming the guests, Tanveer Ahmed Sheikh remarked that the visit underscores the deepening economic cooperation between the two nations, which remains a priority for the private sector. FBR Chairman Consults FPCCI and PBC to Resolve Business Grievances and other such forums highlight the need for persistent public-private engagement to foster trade and long-term partnerships. Mr. Sheikh noted that the LCCI, boasting a history of over a century, represents the backbone of Pakistan’s economy.

Netherlands Envoy Urges Stronger Business Partnerships With Lahore Chamber Members (Image 3)

Potential for Enhanced Economic Cooperation

Netherlands Envoy Urges Stronger Business Partnerships With Lahore Chamber Members (Image 4)

Tanveer Ahmed Sheikh highlighted that Pakistan highly values its longstanding friendship with the Netherlands, particularly in sectors such as agriculture, dairy, water management, logistics, renewable energy, and sustainable development. According to the State Bank of Pakistan, bilateral trade between the two countries reached approximately US$1.9 billion during 2025-26, with Pakistan’s exports valued at US$1.44 billion and imports from the Netherlands at US$505 million. He expressed optimism that this volume could reach US$5 billion through stronger business linkages. He noted that while major exports include home textiles, hosiery, woven fabrics, and rice, Pakistan possesses significant potential in value-added garments, leather products, software, and IT services. He also highlighted that HEC Issues New Draft Policy for Responsible AI in Universities, reflecting the country’s growing focus on innovation, which aligns with potential Dutch technological collaboration.

Netherlands Envoy Urges Stronger Business Partnerships With Lahore Chamber Members (Image 5)

Investment Opportunities and Future Outlook

Mr. Sheikh pointed out that Pakistan offers attractive investment prospects through Special Economic Zones and Export Processing Zones, supported by a young workforce and improving macroeconomic indicators. He specifically mentioned that Pakistan could significantly benefit from Dutch expertise in seed technology, greenhouse farming, dairy development, and water management. Reaffirming the LCCI’s commitment, he proposed increased exchanges of entrepreneurs and startups. In response, Hajo Provo Kluit noted that identifying the right partners is often the biggest challenge for foreign investors and expressed confidence that the LCCI will play a pivotal role in this regard. He introduced Ms. Maria Erfan as the primary point of contact for continued engagement, ensuring that the dialogue initiated here remains productive. His visit follows a broader context where regional economic stability, similar to concerns regarding NHA Advises Commuters to Use Karakoram Highway Over Babusar Route, serves as a foundation for sustained industrial and logistics development in the country.

Tags:
Share: f 𝕏 🔗
Business & Markets Correspondent

hanif sabir

Leave a comment

MARKETS
Loading market data…