01 February 2004	Sunday	09 Zilhaj 1424

KARACHI, Jan 31: The Chairman of Mozambique Federation of Chambers of Commerce Egas Mussanhane on Saturday invited the Pakistani investors to avail the opportunities to set up industrial , business and banking ventures in his country.

"Though our country has an established financial and banking system, but Pakistani entrepreneur can establish banks to benefit their intended businesses in Mozambique and the exports," he remarked.

He was talking to the President of the Karachi Chamber of Commerce and Industry Siraj Kassam Teli, when he called on him at his KCCI office here. He said that Pakistani entrepreneurs can make investment in all sectors of the industry and trade.

Mozambique needs Pakistani entrepreneur for its development and improvement of economy, Egas Mussanhane said.

He maintained that Mozambique was an important country by nature. "We import each and every commodity and so there was a lot of potential for exports from Pakistan," he remarked.

He said that his federation was keen to maintain liaison with the Pakistani entrepreneur through KCCI and FPCCI after which he would bring some officials and the entrepreneur from Mozambique aimed at enhancing trade between the two countries and particularly enhancing exports from Pakistan.

Siraj Kassam Teli stressed for improvement of trade relations between Pakistan and Mozambique and suggested that joint "ministerial council" of the two countries be established as early as possible.

He pointed out that presently the volume of bilateral trade between the two countries was very negligible.

He suggested that positive interaction and interrelations between the business leaders of the two countries could make the things better.

Direct relations between the entrepreneur of the two countries would help improve the trade relations between Pakistan and Mozambique.

He said that it was high time for Pakistan entrepreneur to exploit business potential in Mozambique.

Former President of FPCCI S M Munir and a former Vice President of Karachi Chamber of Commerce and Industry S. Khalid Tawab, on this occasion said the law and order situation in Mozambique was good.-APP