(KarachiCliffNews): Ambassador of Ukraine, Mr. Volodymyr Lakomov has said that Ukrainian Embassy considers enhancing Business-to-Business (B2B) interaction between the entities in Ukraine and Pakistan as one of the most promising and priority directions within the bilateral relations. Speaking at a meeting during his visit to Karachi Chamber, the Ukrainian Ambassador said that bilateral trade and economic cooperation between the two countries demonstrates positive tendency to its intensification, having reached its historical maximum of half a billion US dollars in the year 2014. “Both countries take interest in each other’s market and stress their readiness to exploit huge unused trade potential”, he added. President KCCI Shamim Ahmed Firpo, Senior Vice President KCCI Asif Nisar, Vice President KCCI Muhammad Younus Soomro, Former President KCCI Younus Muhammad Bashir, Chairman of Special Committee for My Karachi Exhibition Muhammad Idrees, Chairman Pakistan Romania Business Council Sohail Shamim Firpo, Honorary Consul General of Ukraine M.A. Jabbar and KCCI Managing Committee members were also present at the meeting. Ukrainian Ambassador, who was accompanied by Chief of the Economic Section of Embassy of Ukraine Mr. Taras Mykytenko and Diplomat official at Embassy of Ukraine Mr. Maksym Kosiak, stated that the diplomatic relations between Pakistan and Ukraine were established on 16th March 1992 and it was heartening to note that Ukrainian-Pakistan relations have gone through fruitful 24 years which has been marked by mutually beneficial cooperation and reliable and trustworthy dialogue between Ukraine and Pakistan. “The bilateral dialogue between the two countries has always been brotherly, special and sincere”, he added. Mr. Volodymyr Lakomov, while congratulating Shamim Ahmed Firpo on being elected as President KCCI, hoped that during his tenure as President KCCI, the trade turnover between Pakistan and Ukraine will mount to the heights as big as the Himalaya Mountains for the wealth and prosperity of the two nations. Earlier, President KCCI Shamim Ahmed Firpo, in his remarks, stated that Ukraine was one of those countries that has strong and close ties with Pakistan as both countries have been cooperating with each other in the education sector and cultural exchanges whereas aerospace engineering, aerospace technology, bio-medical sciences were some other fields where mutual cooperation was taking place. He informed that the trade volume between Pakistan and Ukraine during Fiscal Year 2015-16 stood at $110 million, of which commodities worth $39.45 million were exported to Ukraine and Pakistan’s import stood $70.34 million. “We strongly believe that there is a need to enhance trade between the two countries by focusing on diversification. In my opinion, trade potential exists as Ukraine, with its mining expertise, power generation, avionics and aerodynamics, can be a negotiating hub for transfer of technology to Pakistan”, he added. He further suggested that Ukraine, being one of the biggest grain producers, can also transfer its agro-science knowledge to Pakistan for increasing crop yields, besides participating in Public-Private Partnership projects particularly in Sindh for construction of grain silos. Shamim Firpo was of the opinion that Pakistan can also seek Ukraine’s technical expertise in rehabilitating its old power stations to overcome the power crisis. Furthermore, the country can also help in developing coal-based power generation units. Keeping in view the massive production of steel and mining expertise, Ukraine can assist in the development of iron ore mines in Balochistan, he added.