Good news for Pakistan from United Kingdom
ISLAMABAD - The Pakistani origin investors settled in the United Kingdom (UK) have signed deals to invest £200 millions in various sectors of Pakistan’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 of Pakistan, 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 200 million pounds while they were looking for more investment opportunities in Pakistan.
The delegation represented UK investors from real estate, tourism, education, Halal meat, poultry, medical technology, defense parts and equipment, 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 to Pakistan. They said the Pakistani expatriate entrepreneurs in the UK wanted to transfer their expertise, knowledge and money to their youth and were encouraging them to invest in Pakistan in order to play a positive role in the economic development of their motherland. They said they held successful meetings with public and private sector representatives during their visit to Karachi, Lahore, Rawalpindi and Islamabad to explore investment opportunities in Pakistan. Addressing the delegation, acting President of ICCI Iftikhar Anwar Sethi said Pakistan and the UK had good potential to enhance bilateral cooperation in multiple fields and stressed that both chambers should make strong efforts to promote bilateral trade and economic relations between the two countries. He said Pakistan was emerging as a big consumers’ market for businesses and the UKPCCI members should explore joint ventures and investment in Pakistan in areas of interest. He said investment by the UKPCCI members in Pakistan would give more confidence to foreign investors leading to enhanced foreign direct investment (FDI) in the country. He said apart from the China Pakistan Economic Corridor (CPEC), tourism, real estate, construction, information technology (IT), Halal food, textile and other sectors of Pakistan’s economy offered great investment potential for foreign investors while the government was working to promote easy of doing business in the country.
He urged the UKPCCI members to take full advantage of the emerging business opportunities in Pakistan to grow fast in business.