ISLAMABAD – The Pakistani origin investors settled in the United Kingdom(UK) have signed deals to invest £200 millions in various sectors ofPakistan’s economy.This was disclosed by President of UK-Pakistan Chamber of Commerce &Industry Amjad Khan during his visit to Islamabad Chamber of Commerce &Industry (ICCI)along with a large business delegation on Sunday.
He said the delegates had come with plans to invest in multiple sectors ofPakistan, including tourism, real estate, hospitality industry, IT &telecom, health, education and other fields.The delegation members, he said, had so far signed agreements to invest 200million pounds while they were looking for more investment opportunities inPakistan.
The delegation represented UK investors from real estate, tourism,education, Halal meat, poultry, medical technology, defense parts andequipment, automobile, IT, textile, import/export and other sectors.The UKPCCI delegates said their children were keen to invest in Pakistan.Over 800 young entrepreneurs from the UK were making plans to move toPakistan.They said the Pakistani expatriate entrepreneurs in the UK wanted totransfer their expertise, knowledge and money to their youth and wereencouraging them to invest in Pakistan in order to play a positive role inthe economic development of their motherland.They said they held successful meetings with public and private sectorrepresentatives during their visit to Karachi, Lahore, Rawalpindi andIslamabad to explore investment opportunities in Pakistan.Addressing the delegation, acting President of ICCI Iftikhar Anwar Sethisaid Pakistan and the UK had good potential to enhance bilateralcooperation in multiple fields and stressed that both chambers should makestrong efforts to promote bilateral trade and economic relations betweenthe two countries.He said Pakistan was emerging as a big consumers’ market for businesses andthe UKPCCI members should explore joint ventures and investment in Pakistanin areas of interest. He said investment by the UKPCCI members in Pakistanwould give more confidence to foreign investors leading to enhanced foreigndirect investment (FDI) in the country.He said apart from the China Pakistan Economic Corridor (CPEC), tourism,real estate, construction, information technology (IT), Halal food, textileand other sectors of Pakistan’s economy offered great investment potentialfor foreign investors while the government was working to promote easy ofdoing business in the country.
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He urged the UKPCCI members to take full advantage of the emergingbusiness opportunities in Pakistan to grow fast in business.
