Ukraine’s Ambassador to Pakistan Volodymyr Lakomov has said that Ukrainian Embassy considers enhancing business-to-business (B2B) interaction between the entities as one of the most promising and priority directions in bilateral relations.
Speaking at a meeting during his visit to Karachi Chamber of Commerce and Industry (KCCI), the Ukrainian Ambassador said that bilateral trade and economic cooperation between the two countries demonstrates positive tendency to its intensification, having reached its historical maximum to half-a-billion dollars in the year 2014.
“Both countries take interest in each other’s market and stress their readiness to exploit huge unused trade potential,” he added.
The ambassador said that the diplomatic relations between Pakistan and Ukraine were established on March 16, 1992 and it was heartening to note that Ukrainian-Pakistan relations have gone through 24 fruitful years marked by mutually beneficial cooperation and reliable and trustworthy dialogue between Ukraine and Pakistan.
“The bilateral dialogue between the two countries has always been brotherly, special and sincere,” he added.
Lakomov was accompanied by Chief of the Economic Section of Embassy of Ukraine Taras Mykytenko and diplomat official at Embassy of Ukraine Maksym Kosiak.
KCCI President Shamim Ahmed Firpo, in his remarks, stated that Ukraine was one of those countries that has strong and close ties with Pakistan as both countries have been cooperating with each other in the education sector and cultural exchanges.
Firpo informed that the trade volume between Pakistan and Ukraine during fiscal year 2015-16 stood at $110 million, of which commodities of worth $39.45 million were exported to Ukraine and Pakistan’s import stood $70.34 million.
He said Ukraine, being one of the biggest grain producers, can also transfer its agro-science knowledge to Pakistan for increasing crop yields, besides participating in Public-Private Partnership projects particularly in Sindh for construction of grain silos.