Sialkot Chamber urges govt for interest-free loans

SIALKOT: Sialkot Chamber of Commerce and Industry (SCCI) President Qaisar Iqbal Baryar Friday called for interest-free loans to furniture producers for five years for the import of new technology to improve overall infrastructure of the industry.
He expressed these views while inaugurating Pakistan Furniture Council (PFC) 3-day mega 12th Interiors Pakistan Expo 2020 held here at Dustoor Event Complex Sialkot today. Pakistan’s top interior designers and furniture manufacturers have displayed their work to promote the local furniture industry.
Qaisar Iqbal Baryar said the government needs to streamline existing markets and identify new potential markets for ‘Made-in-Pakistan’ products in Far-East, Central Asian Republics, Latin America and Russia.
Sialkot is an export hub and earning US2$billion through its exports and strengthening national exchequer despite certain problems, he said.
He said that setting up a “Marketing Intelligence Cell” at Trade Development Authority of Pakistan (TDAP) for providing assistance to furniture manufacturers and exporters in obtaining information pertaining to international demands for furniture, competitive price index, expanding markets and other essential trends.
Talking to media persons here on this occasion, PFC Chief Executive Mian Kashif Ashfaq said the exhibition will create opportunities for interior designers and furniture manufacturers to work together for the progress of the industry while giving young participants a chance to display their designs and products.
He also urged the businessmen based in Sialkot to work extensively to promote the local furniture industry in Pakistan. “Pakistan is blessed with abundant resources and our people are equipped with the best skills that can help develop the country on modern lines,” he added. –Agencies