Embassy of Pakistan, Prague held the formal inauguration ceremony of Czech-Pakistan Chamber of Commerce

The Embassy of Pakistan, Prague held the formal inauguration ceremony of Czech-Pakistan Chamber of Commerce on 08 June, 2021 at the Embassy. The event was attended by eminent Czech Business personalities as well as the representatives of reputable Czech companies.

Czech-Pakistan Chamber of Commerce was created and registered in May, 2020 pursuant to the consistent economic outreach by the Embassy of Pakistan. However, the formal launch of the Chamber was repeatedly delayed due to Covid-19 related restrictions imposed by the host government.

The main objective of Czech-Pakistan Chamber of Commerce is to promote economic opportunity for both Pakistani and Czech Businessmen. The focus is on highlighting Pakistan as a future real estate investment avenue, technology transfer hotspot & Software development hub as well as on promotion of Agri business, Billion tree plantation program, Tourism, Aerospace and Defence Industry.

During the inaugural ceremony, the Ambassador briefed the participants of the event in detail about the economic development in Pakistan particularly the opportunities arising from China-Pakistan Economic Corridor (CPEC). The Ambassador also highlighted the investment friendly policies of Pakistan which the Czech investors can benefit from in the areas of mining, renewable energy, housing, tourism, joint ventures in textiles, manufacturing of vehicles and power generation.

The participants of the event appreciated the efforts of Embassy of Pakistan in facilitating the creation as well as formal launch of Czech Pakistan Chamber of Commerce. The participants acknowledged that Czech Republic had cutting edge technologies in Coal & Mining, heavy machinery & precision engineering thus offering huge opportunities for enhancing bilateral trade and investment relations with Pakistan. They further expressed hope that creation of Czech-Pakistan Chamber of Commerce would ensure regular interaction between the business community of Pakistan and the Czech Republic and would be helpful in advancing the economic relations forward.

A one minute silence was observed for the victims of lives lost in the train accident in Ghotki, Pakistan and the family who were killed in Ontario, London, Canada.