PECO News – Karachi (17-04-13)
The Pakistan Export Company (PECO) as part of its agenda to improve bilateral trade between Pakistan and Nigeria made a contract with textile giant of International reputes M/s Gul Ahmed Pakistan at local hotel. On this occasion the Deputy Ambassador of Pakistan at Nigeria, Mr. Ahmed Ali Sirohey was also present and discussed issues of bilateral interests with Chairman & Chief Executive Officer Gul Ahmed Mr. Bashir Ali Mohammad. Mr. Sirohey stressed on the available opportunities of mutual trade for textiles. He elaborated the procedures for legitimate business of textiles. Mr. Bashir Chairman & CEO of Gul Ahmed agreed to the facts and ground realities for business at Nigeria. He also appreciates Pakistan Export Company (PECO) for convincing Gul Ahmed for trade and business at Nigeria. He specially mentioned that he and his team will work hand in hand with PECO to improve bilateral trade in general and business expansion of Gul Ahmed in particular. He advised his team for completions of formalities to initiate business at Nigeria.

Dated: 17 April 2013

PECO successfully acts as bridge for joint venture for growing companies. It was historic day at PECO when the contract has been signed between Pharmaceutical Company from Nigeria M/s Pharma plus & Safe Pharma of Pakistan. The both companies were represented by its Chief Executives Mr. Ahmed .I. Yakasai and Mr. Mohammad F. Memon respectively. It was done after inspection of various pharmaceutical facilities by Mr. Yakasai both at Karachi and Lahore and then took decision to join hands with SAFE. This JOINT venture is first of its kind in Pakistan and provide notable boost in credibility of SAFE PHARMACEUTICALS in Pharma circles of both countries.

Dated: 10 April 2013

The PECO successfully made contract with Hero Motors Pakistan for sales & marketing of its Tractors and Motor Cycles (Bikes) in Nigeria. At the occasion Deputy Ambassador of Pakistan at Nigeria, His Excellency Mr. Ahmed Ali Sirohey appreciated the efforts made by PECO for bilateral Business in field of agriculture. Mr. Asad Barkat President & CEO of Hero Motors lauded the efforts made by Mr. Sirohey for improvement in business in agro and agro allied industry between the two brother countries. He also had shown his commitment for quality products uninterrupted supplies and after sales service and repairing workshop set-up in Nigeria. The Ambassador of Nigeria at Pakistan His Excellency Mr. Dauda Danladi showed his willingness to visit the premises for more confidence that ensure more business and strengthen relations. The graceful ceremony was concluded with prayers of success and prosperity followed by impressive Dinner.

Dated: 09 April 2013

To initiate immediate bilateral business between Pakistan and Nigeria PECO convinced Mr. Yakasai to place order for different products that are produced in Pakistan at International standards with economy comparing China and India that ensure bigger market share in Nigeria market for PharmaPlus. These products will undergo NAFDAC registration and then imported in Nigeria. This breakthrough in business between two countries especially in Pharmaceutical sector remarked HIGH SUCCESS in business circles.

To achieve the basic objective of bilateral business few of the fast growing pharmaceutical company M/s NabiQasim Industries, M/S Safe Pharma, M/S Maple, M/S Genics, M/S SJ&G, M/S PharmEvo etc. were shown keen interest for BUSINESS DEAL with PharmaPlus or any leading company for SALE of their products in Nigeria. In this regard NabiQasim Industries invited the dignitaries Deputy Ambassador of Pakistan at Nigeria His Excellency, Mr. Ahmed Ali Sirohey, Chief Executive PharmaPlus Nigeria Mr. Ahmed I. Yakasai and PECO Director Mr. Ibrahim B. Maqsood for inspection of the manufacturing facility and hosted the lunch. The team inspected the facility and appreciated the Standards maintained for quality drug’s production. The host team led by Vice Chairman of NabiQasim Industries Mr. Chaudhry Faqir Muhammad. The other team members were Senior General Manager International Marketing Mr. Younus Batla, Plant Manager, QC Manager and Manager International Marketing.

Dated: 09 April 2013

PECO successfully acts as bridge for joint venture for growing companies. It was historic day at PECO when the contract has been signed between Pharmaceutical Company from Nigeria M/s Pharma plus & Safe Pharma of Pakistan. The both companies were represented by its Chief Executives Mr. Ahmed .I. Yakasai and Mr. Mohammad F. Memon respectively. It was done after inspection of various pharmaceutical facilities by Mr. Yakasai both at Karachi and Lahore and then took decision to join hands with SAFE. This JOINT venture is first of its kind in Pakistan and provide notable boost in credibility of SAFE PHARMACEUTICALS in Pharma circles of both countries.

Dated: 08 April 2013

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His Excellency, Ambassador of Nigeria at Pakistan Mr. Dauda Danladi had detailed meeting with Director PECO, Mr. Ibrahim Bin Maqsood at Nigeria High Commission, Islamabad yesterday (04-04-13).The Director PECO is also accompanied by Mr. Zahid Ali Khan who recently joined PECO and to be based at Rawalpindi to look into the business possibilities of PECO in the Punjab province. The agenda of meeting was NAFDAC issue particular in reference of companies NABIQASIM & SURGE LABORATORIES inspection postponement as of security concern, supply of two tractors to secretary Foreign Ministry Nigeria and to develop contacts with leading investors of Pakistan ready for direct investments in Nigeria with available opportunities of business at Nigeria under government cover.

The meeting was held in very congenial and motivated atmosphere from both sides and lasts for 4 hours without any interruption. The Amb. His Excellency Mr. Dauda Danladi informed that NAFDAC team will be arrive at Pakistan for inspection of the companies by end this month. During meeting he also called NAFDAC on phone to reconfirm their arrival in Pakistan. After that NADAC team arrival in Pakistan was reassured by His Excellency Ambassador Dauda Danladi. Amb. His Excellency Mr. Dauda Danladi advised that at least 5 companies shall be available for inspection by NAFDAC to made strong impression of the high quality of Pakistan pharmaceutical products comparing India and China which are flooded in Nigeria market with poor quality at high prices. It was assured by Director PECO Mr. Ibrahim Bin Maqsood that it is easily done if NAFDAC informed officially to PECO even with short notice but at notice of at least one week. Amb. His Excellency Mr. Dauda Danladi also assured that NQ and SL inspection will be done at any appropriate time if desirable but meanwhile their ten (10) products applied for registration processing through PECO will be on fast track and with priority. It was decided by His Excellency; Ambassador Mr. Dauda Danladi that state delegation from Pakistan will be coordinated by PECO in July, 2013. It was also decided that at least 20 delegates (maximum 50 delegates) from different business markets will be selected from Pakistan for direct investments in Nigeria. In this regard His Excellency Ambassador Mr. Dauda Danladi will sent invitation letters himself to all selected parties by end this month. The focused business markets are Agriculture (Sugar, fertilizers) Textile (yarn, weaving), Pharmaceuticals (Tablets, Injectables). The PECO Director Mr. Ibrahim Bin Maqsood will provide list of investors for Nigeria from Sindh inclusive of Karachi for state invited Delegation to Nigeria. The Director PECO Mr. Ibrahim Bin Maqsood appreciate untiring efforts of Ambassador Dauda Danladi in improvement of business ties between Pakistan and Nigeria. It was also informed by Ambassador Dauda Danladi that he will address Rawalpindi Chamber of Commerce on 22-04-13. Ambassador invited Mr. Zahid Ali Khan Director PECO to accompany him on that occasion as he is based in Rawalpindi by PECO. This invitation was accepted with thanks. After discussion at length Ambassador Dauda Danladi agreed to visit Karachi for 2 days from May 6^th, 2013 to May 8^th, 2013. PECO will coordinate his trip and assured his visit to 4-5 pharmaceutical companies, 2-3 Textile industries and as many sugar industries located in other parts of Sindh. His Excellency, Ambassador Mr. Dauda Danladi will show his desire to visit HERO MOTORS during his visit of Karachi.  This desire of Visit of HERO Company is accepted by PECO director Mr. Ibrahim Bin Maqsood on behalf of President & CEO of Hero Motors Mr. Asad Barkat after his consent. The issue of supplies of two tractors for Foreign Secretary of Nigeria was also discussed and Amb. Dauda Danladi informed that it will be arrange by Ali Corporation on assurance of Director Marketing Mr. Asim Shahzad. It was also communicated to Mr. Asim Shahzad that he will visit Nigeria High Commission in coming week after getting immediate confirmation from Ambassador to finalize the deal of 200 tractors as ambassador has very occupied schedule in days to come.  The meeting was concluded on note that all decisions and tasks will be executed in letter & spirit and keep in touch.

Dated: 22 March 2013

The PECO Chairperson and its team warmly welcomes the new ambassador of Pakistan His Excellency  Lt. Gen. (Retd.) Muhammad Ashraf Saleem at High Commission of Pakistan at Abuja, Nigeria. It is anticipated that the new ambassador arrival will further boost the diplomatic state relations between the two greens and keep continue the improvement in business ties between Pakistan and Nigeria on Government level and also between  private sector that were recently initiated by HOC Mr. Ahmed Ali Sirohey before his arrival at Nigeria. As the PECO is already signed MoU with High Commission of Pakistan at Abuja, Nigeria will reassure their commitment for highest cooperation to further increase in developing business ties.