LAHORE, June 12: Ukrainian Ambassador Igor Pasko has said that both Pakistan and Ukraine have very strong credentials to give new strength to their respective economies, and lack of information about each other's potentials is coming in the way.

He was speaking at the Lahore Chamber of Commerce and Industry on Tuesday. The ambassador stressed the need for people-to-people contact between the two countries to give a boost to the existing level of two-way trade.

About direct flights between the two countries, the ambassador said modalities are being fianlised so that that businessmen have an easy access to each other's market.

He urged Pakistani businessmen to come forward and avail themselves of the opportunities being offered by Ukraine in the field of modern technology.

LCCI President Shahid Hassan Sheikh said that Ukraine has a highly developed agriculture besides being a major centre of ex-Soviet Union's heavy industry establishments. It has a proven metallurgy, electrical and mechanical engineering efficiency with vast natural and mineral resources.

He said Pakistan offers a lot of opportunities for Ukrainian businessmen to set up agro-based industries in Pakistan on 100 per cent equity basis or in the form of joint ventures with Pakistani businessmen.—APP