Lahore International Foundry Exhibition, Pakistan

Lahore International Foundry Exhibition, Pakistan

Exhibition time: November 2022

Venue: Asia Pakistan Lahore

Exhibition industry: Casting

Exhibition introduction

The Islamic Republic of Pakistan, abbreviated as Pakistan, means "holy land" and "halal country". More than 95% of the residents believe in Islam, which is a multi-ethnic Islamic country. The national language is Urdu. Pakistan has a diversified economic system and is the 25th largest economy in the world. At the same time, Pakistan is also a developing country with rapid economic growth. It is a member of the world trade organization, the organization of the Islamic Conference, the group of 77, the non aligned movement and the Commonwealth.

The signing of the joint statement of the people's Republic of China and the Islamic Republic of Pakistan on establishing an all-weather strategic partnership has brought China Pakistan cooperation to an unprecedented new height, and the latitude of cooperation has also expanded from geopolitics to geo economy. As China's initiative one belt, one road plan, the Sino Pakistani economic corridor with a total investment of 45 billion US dollars has been warmly welcomed by Pakistan. In recent years, Pakistan's political situation has been stable, the international political and economic situation has improved, the scale of attracting foreign investment has expanded day by day, and the national economy has entered a good period of development. Due to the close space between Pakistan and China and the good diplomatic relations between the two countries, Chinese contractors are also recognized in Pakistan. With the rapid rise of China's construction machinery industry in recent years, it is believed that the foundry industry relying on "China's impression" will be able to obtain rich returns in Pakistan. Under the comprehensive influence of factors such as the continuous improvement of macroeconomic environment, the improvement of domestic security situation, the steady progress of the construction of China Pakistan Economic Corridor and the political incentives approaching the 2018 general election, the further acceleration of Pakistan's economic growth in fiscal year 2016-17 will become a probability event.

market analysis

The 6th Pakistan Lahore International Foundry Exhibition will be held from February 15 to 16, 2017. In recent years, the Pakistan Foundry Association (PFA) has decided to accelerate its efforts to develop the export market of the local foundry industry, which means that Pakistan will grow into a major producer and exporter of castings. In order to promote the development of the foundry industry, the Pakistan Foundry Association (PFA), which successfully held the 5th Pakistan International Foundry Exhibition (IFCE), is bound to use this international cooperation platform to introduce the development of its overall foundry industry to the world on the one hand, and find international business partners who can develop together in the foundry industry on the other hand.

Pakistan attaches great importance to the development of foundry industry in order to promote the technological upgrading and equipment upgrading of small and medium-sized enterprises. There are about 1800 foundry enterprises in Pakistan, but more than 95% of them are small and medium-sized enterprises, and their workers' technology and mechanical equipment need to be solved urgently. It is imperative to attract foreign capital and find international partners. IFCE has successfully held five sessions, attracting more than 3000 delegations, exhibitors and professional visitors from Turkey, India, China, the United Kingdom, the Czech Republic and other countries.