For instance, they quickly realised the fact that it would take some time before the private sector, which is now carrying out all economic activities in the CIS countries, establishes itself fully. Furthermore, it was also apparent to them that the financial system, money market, banks, import and export trade and other trade-relating sectors in the region were in the developing stage. Giving due consideration to these and other relevant factors various Western and Asian countries have tried to find out appropriate solutions. First of all, they open their offices, purchase warehouses, lease display centres and spaces in super markets and through them sell their goods directly to the wholesale and retail markets. As stated earlier the CIS markets offer tremendous opportunities to us and by entering these untraditional markets in a planned manner we can overcome our chronic balance of payments problem.
Pakistani products are in great demand because of price competitiveness.
Nobody knows what happened to this project. Now, we have to start all over again. I venture to present below an action plan which, if implemented, can open up very useful trade channels for us. This plan is based on my very long experience in doing import and export business with the CIS countries, research work and an analysis of the successful strategies adopted by other countries regarding their trading relations with the CIS nations. There are in fact hundreds of small exporters in Pakistan who want to sell their goods directly in the CIS markets.