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Lahore Chamber of Commerce encourages British investors to explore opportunities in various sectors of economy

LAHORE: Lucrative opportunities are available in various sectors of economy for British investors and they should avail them.

These views were expressed by the LCCI Vice President Faheem-ur-Rehman Saigal at UK-Pakistan Chamber of Commerce & Industry. President of UKPCCI Amjad Khan, Senior Vice President Syed Asad Hussain, Vice Presidents Asim Yousaf, Amir Khuwaja, Secretary General Waheed-ur-Rehman Mian and Joint Secretary Sardar Shafquat Khan also spoke on the occasion.

During the meeting, various issues came under discussion and it was decided that both chambers will organize a joint seminar on Brexit.

President UK Pakistan Chamber of Commerce & Industry Amjad Khan, while stressing the need for more interaction between the two countries, urged the businessmen of the two sides to focus on exchange of trade delegations for the sake of joint venture.

He said that UK being the fastest growing economy has a huge potential for Pakistani businessmen to have joint ventures with their counterparts there.

He said that the process of globalization is bringing the people closer and there is a need to learn from the experiences of each other.

LCCI Vice President Faheem-ur-Rehman Saigal said that there is no doubt in it that the United Kingdom, offers tremendous opportunities to Pakistani businessmen but both the sides need well-directed, sector-specific moves to achieve the desired results.

He said that Pakistan was particularly interested in transfer of technology but to materialize the very idea, expatriate Pakistanis would have to play their role.

He said that exchange of business delegations and holding of single country exhibitions could boost up the bilateral trade. These marketing tools need to be studied by the Chambers and the diplomatic missions of the two countries.

The LCCI Vice President said that these are the areas where UK-Pakistan entrepreneurs could sit together and chalk out a comprehensive business strategy for their mutual benefits. Keeping in view the current low level of trade between UK and Pakistan there is a need for more focused efforts for expanding economic cooperation.

He invited the British businessmen to make investment the fields of Information Technology, Telecommunications, Infrastructure Development, Education, and Food Preservation Technologies.

He said that the visit would prove beneficial for the both the sides. He said that there are a lot of opportunities waiting for the potential investors particularly in the field of Textiles and leather.

He said that the increase in total foreign private investment is enough to prove that Pakistan has a lot to offer and the foreign investors should take advantage of the situation.

He also lauded the role of UK Pakistan Chamber of Commerce & Industry for facilitating the expatriate Pakistanis.

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