‘Pak expats in UK keen to invest in Pakistan’
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LAHORE: UK-Pakistan Chamber of Commerce & Industry (UKPCCI) President Amjad Khan said that expat Pakistanis in United Kingdom were keen to make investment of billions of rupees in Pakistan through joint ventures.
Talking to business community here at Lahore Chamber of Commerce & Industry (LCCI), he said UK being the fastest growing economy in the European Union, had a huge potential for Pakistani businessmen to have joint ventures with their counterparts there.
He added that process of globalization was bringing the people closer and there was a need to learn from the experiences of each other.
LCCI Vice President Faheem-ur-Rehman Saigal said, the UK, being an active member of European Union, offered tremendous opportunities to Pakistani businessmen but both the sides needed well-directed, sector-specific moves to achieve the desired results.
Saigal said Pakistan was particularly interested in transfer of technology for which expatriate Pakistanis would have to play their role, adding exchange of business delegations and holding of single country exhibitions could boost bilateral trade, while effective marketing tools needed to be studied by the Chambers and the diplomatic missions of the two countries.
There were areas where UK-Pakistan entrepreneurs could sit together to chalk out a comprehensive business strategy for their mutual benefits. Keeping in view the current low level of trade between UK and Pakistan, he said, there was a need for more focused efforts for expanding economic cooperation.
Faheem-ur-Rehman Saigal invited the Pakistanis living in the United Kingdom to make investment in the fields of Information Technology, telecommunications, infrastructure development, education and food preservation Technologies.
Former LCCI President Shahid Hassan Sheikh welcome the investments by UKPCCI investors and said overseas Pakistanis should also bring their experience and knowledge along with their money.
UKPCCI General Secretary Waheed-ur-Rehman Mian, Vice Presidents Asim Yousaf and Amir Khawaja also spoke on the occasion.
LCCI Executive Committee members Mian Zahid Javed, Aqib Asif, Naeem Hanif, former Vice President Faisal Iqbal Sheikh were also present.
APP
