(MENAFN - Kuwait News Agency (KUNA)) A senior Pakistani official indicated here that the 7th Expo Pakistan 2012 aims to generate USD 1 billion worth of export orders, which is almost double last year's USD 518 million, despite challenges of global economic slowdown.
"We have organized more than 100 B2B big level meetings this time. We hope to surpass buying orders in during the Expo almost by double," Tahir Raza Naqvi, chief executive of the Trade Development Authority of Pakistan (TDAP) said in a press conference, held at Karachi Expo Centre, pointing out that "last year; it was USD 518 million worth of signed agreements and buying orders. This time we hope we have achieved USD 1 billion targeted figure." "We've had meetings with various delegations and we've been listening to their issues. We have also provided the Federation of Pakistan Chamber of Commerce and Industry (FPCCI) with separate space for their interaction with western delegations, buyers, and few other associations. It is a lot of activity that has been going on and we believe it is good for our economy and our exports," said Naqvi.
Also, he pointed out that the final data of import orders and total outcome of the event would be shared in a press conference by the end of the event, expressing at the same time his overall satisfaction over the previous two days of the event, which was reserved for international buyers and guests to interact with Pakistani companies.
On the other hand, he added that Expo Pakistan has introduced, for the first time, state-of-the-art broadcast services, through which live transmission of the exhibition is being telecasted all over the world via mobile phones and other types of telecommunication devices.
Around 12 Kuwaiti companies specialized in food products, fisheries, meat, engineering, and construction work are currently taking part in Expo Pakistan 2012.
The four-day event kicked off last Thursday with participation of around 2, 500 of local and international exhibitors, as well as delegates and guests from over 70 countries around the world.
It is the country's biggest international trade fair, displaying collection of the country's finest export merchandise and services, as well as providing international exhibitors an opportunity to showcase and launch their products.