Makkah, Karachi chambers to ink MoU boosting bilateral trade

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Chamber of Commerce and Industry chief Hisham bin Mohammed Kaaki says interaction between the Saudi and Pakistani business community can be enhanced through various mutual activities, exhibitions and joint investments. (KCCI)
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Chamber of Commerce and Industry chief Hisham bin Mohammed Kaaki says interaction between the Saudi and Pakistani business community can be enhanced through various mutual activities, exhibitions and joint investments. (KCCI)
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Chamber of Commerce and Industry chief Hisham bin Mohammed Kaaki says interaction between the Saudi and Pakistani business community can be enhanced through various mutual activities, exhibitions and joint investments. (KCCI)
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Chamber of Commerce and Industry chief Hisham bin Mohammed Kaaki says interaction between the Saudi and Pakistani business community can be enhanced through various mutual activities, exhibitions and joint investments. (KCCI)
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Chamber of Commerce and Industry chief Hisham bin Mohammed Kaaki says interaction between the Saudi and Pakistani business community can be enhanced through various mutual activities, exhibitions and joint investments. (KCCI)
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Chamber of Commerce and Industry chief Hisham bin Mohammed Kaaki says interaction between the Saudi and Pakistani business community can be enhanced through various mutual activities, exhibitions and joint investments. (KCCI)
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Chamber of Commerce and Industry chief Hisham bin Mohammed Kaaki says interaction between the Saudi and Pakistani business community can be enhanced through various mutual activities, exhibitions and joint investments. (KCCI)
Updated 18 September 2019

Makkah, Karachi chambers to ink MoU boosting bilateral trade

  • Saudi Arabia is one of the top exporters to Pakistan
  • Mutual events and joint investment can help enhance bilateral business ties, says MCCI chief

KARACHI: Makkah and Karachi chambers of commerce and Industry have agreed to offer each other their respective premises for promotion of bilateral trade and investment, officials told Arab News on Tuesday.
“We have decided to sign an MoU under which the KCCI (Karachi Chamber of Commerce and Industry) will utilize the facilities of MCCI (Makkah Chamber of Commerce and Industry) in Saudi Arabia and the MCCI will utilize KCCI facilities for growth of bilateral trade and investment,” Junaid Ismail Makda, president of the KCCI told Arab News from Makkah who is on official visit of kingdom.
The two sides also agreed to exchange trade delegations to explore existing trade and investment opportunities in both countries, Makda said.
The Saudi delegation was led by Hisham Muhammad Kaaki, Chairman of the MCCI and also comprised of Ibrahim Fuad Bardeesi, secretary General of the Makkah Chamber and Fahad S. Damanhouri, Director of International Relations department of Makkah Chamber.
Makda who met with the officials of Saudi Export Development Authority (SEDA) on Monday, said that the authority had expressed its desire to host Pakistani importers of assorted products including construction and PVC pipes.
Earlier on Friday, the MCCI chief met with his Pakistani counterpart in Karachi to explore ways of jointly developing the business sector of the two countries.
The meeting, headed by the visiting Saudi official, aimed at strengthening bilateral ties and to mull over areas of shared interests for the business community in Saudi Arabia and Pakistan, the Saudi Press Agency (SPA) reported.
Kaaki said that the visit to KCCI would help strengthen mutual cooperation, exchange of expertise, arrange bilateral visits and events, in addition to organizing forums and exhibitions to help develop private sector and result in strong ties between the entrepreneurs on both sides.
He added that interaction between the Saudi and Pakistani business community can be enhanced through various mutual activities, exhibitions and joint investments.
He lauded the relations between the two countries noting that he highly valued his visit to KCCI, which was Pakistan’s largest business body.
Ismail highlighted that Pakistan had a well developed textile and military industry, in addition to offering prospects in technology sector, civil engineering and other scopes of mutual interest. Organizing exhibitions would help strengthen bilateral ties indeed, he said.
The non-oil Saudi exports to Pakistan in the last five years are estimated at SR17 billion ($4.42 billion), including food items and construction material estimated at SR191 million and SR965 million respectively.
The Kingdom is one of the top exporters to Pakistan, while the latter exports textile goods, cloth, processed cotton, rice, meat, fruits, vegetables, spices, leather products, electronic and chemicals to Saudi Arabia.


Pakistan cruises to 2nd Twenty20 win vs Bangladesh

Updated 25 January 2020

Pakistan cruises to 2nd Twenty20 win vs Bangladesh

  • Babar Azam, who was out for zero on Friday in Pakistan’s five-wicket win, remained not out on 66
  • Bangladesh’s top-order batsmen struggled for the second consecutive day as the side was restricted to 136-6

LAHORE: Captain Babar Azam and recalled Mohammad Hafeez struck unbeaten half centuries as Pakistan cruised to a nine-wicket victory over Bangladesh in the second Twenty20 on Saturday and kept alive its hopes of retaining the No. 1 ranking.
Pakistan could stay top if it completes a 3-0 clean sweep by winning the final Twenty20 of the three-match series on Monday.
Recalled 39-year-old Hafeez made an unbeaten 67 off 49 balls while No. 1-ranked Twenty20 batsman Babar remained not out on 66 as Pakistan eased to 137-1 with more than three overs to spare.
Both batsmen entertained a weekend crowd of around 20,000 at the Qaddafi Stadium with a splendid 131-run stand against a listless Bangladesh bowling attack.
Shafiul Islam was the lone successful bowler when he had Ahsan Ali caught at mid off for a duck in his first over before Babar and Hafeez took charge. Bangladesh’s disappointing performance was summed up when wicketkeeper Liton Das dropped Hafeez soon after he had reached his half century.
Hafeez, who completed his half century with two successive fours off Shafiul in the 13th over, struck nine fours and a six while Babar, who was out for zero on Friday in Pakistan’s five-wicket win, hit seven boundaries and a six.
In the absence of the banned Shakib Al Hasan and Mushfiqur Rahim, who pulled out of the tour due to security concerns, Bangladesh’s top-order batsmen struggled for the second consecutive day as the side was restricted to 136-6.
Earlier, opening batsman Tamim Iqbal labored for 53 balls on his way to a top score of 65 before he was run out in the 18th over as the Bangladesh innings struggled to build any momentum against the Pakistan pace attack.
The inexperienced pace trio of Mohammad Hasnain (2-20), Shaheen Afridi (1-22) and Haris Rauf (1-27) combined to bowl 12 overs, conceding only 69 runs between them and sharing four wickets.
Captain Mahmudullah, who won his second successive toss, surprisingly didn’t put himself in the top order while another experienced batsman, Soumya Sarkar, came in after the fall of Tamim’s wicket with only 14 balls left in the innings.
Bangladesh will round out the first phase of the Pakistan tour on Monday. The team didn’t want to stay in Pakistan for more than a week due to security concerns.
The tour was only finalized last week when Bangladesh agreed to split the Twenty20 series and the two ICC World Test Championship matches into three phases after the countries’ national cricket boards reached consensus in Dubai during a meeting facilitated by International Cricket Council chairman Shashank Manohar.
Bangladesh will return for the first test in Rawalpindi from Feb. 7-11. After a break of almost two months, Bangladesh will play an ODI and the second test in Karachi on April 3-9.
Late last year, Sri Lanka also split its tour to Pakistan into two phases when it played a Twenty20 series in Lahore and then returned in December for two test matches in Rawalpindi and Karachi, staying in Pakistan for 16 days.