To strengthen trade and economic relations between Pakistan and Switzerland, the Pakistani think tank Karachi Council on Foreign Relations has signed a Memorandum of Understanding (MoU) with the Swiss Asian Chamber of Commerce (SACC) at Pakistan’s Pavilion at the ongoing World Economic Forum Davos yesterday.

The MoU was signed by Chairman SACC Dr Urs Lustenberger and Chairman KCFR Mr Ikram Sehgal. At the same time, the ceremony was witnessed by many government officials, business people and other participants at WEF. The Memorandum will allow both organisations to collaborate on research projects and manage different mutual operations, including conferences, dialogues and forums to enhance trade activities.

SACC Chairman Dr. Lustenberger expressed his immense pleasure on this occasion and stressed that both organisations could learn from the strengths and expertise of each other.

While address on this occasion, KCFR Chairman M. Ikram Sehgal termed the MoU a first step towards cooperation between KCFR and SACC. Sehgal added that this would bring working together in different fields and address various issues of concern.

The Swiss-Asian Chamber of Commerce (SACC) is a private organisation, that provides a forum for all firms, institutions, government bodies and individuals interested in the economic and business relations between Switzerland and Asian nations.

Karachi Council on Foreign Relations (KCFR) is a prominent Karachi based think tank working since 2003 in Foreign Relations and Economic Affairs. KCFR holds seminars and conferences on topics relating to National and International issues concerning Pakistan. At the same time, it regularly interacts with the Ministry of Foreign Affairs, institutions, foreign envoys other dignitaries during their visits to Pakistan to meet the objectives spelt out above.