LAHORE: Member British Parliament Lord Nazir Ahmed has said that many sectors of United Kingdom’s economy have vast space for Pakistani businessmen and they can get good share through B2B contacts, modern business techniques and technologies.
He was speaking at the Lahore Chamber of Commerce & Industry. The LCCI President Malik Tahir Javaid and Senior Vice President Khawaja Khawar Rashid also spoke on the occasion while Zafar Iqbal Chaudhry, Awais Saeed Piracha, Naeem Hanif, Shahid Nazir, Zafar Iqbal, Muhammad Wasim and Muhammad Chaudhry were present in the meeting.
Lord Nazir Ahmed said that those countries are leading at economic front where private sector is playing good role. He said that Pakistani business community has the ability to turn country into an economic power. They should come forward and join hands with their foreign counterparts. He said that Pakistani expatriates are playing laudable role in the economy of UK and are ready to facilitate their Pakistani brothers who want to do business
Member British Parliament also emphasized the need for collective efforts to increase the existing trade volume between the two countries. He said that Pakistani businessmen should focus on joint ventures with their British counterparts to take full advantage of the expertise of UK.
Indian is utilizing its all energies and propagating against Pakistan to cause huge economic loss but I have raised voice against this conspiracy at all international forums”, Lord Nazir Ahmed added.
The LCCI President Malik Tahir Javaid said that Pakistani business community attaches a lot of importance to the role played by Lord Nazir ahmed to support the cause of Kashmir in the House of Lords. He said that businessmen truly admire his efforts and stance to raise the voice for Kashmir.
He said that despite the GSP Plus status, Pakistan has not been able to enhance its exports to UK as they are stagnant around U.S$ 1.5 Billion. He said that there is an ample potential of joint ventures between two countries in the areas of Auto Parts, Processed food, Pharmaceuticals, Leather made-ups, Light Engineering and Surgical instruments.
Malik Tahir Javaid said that UK should provide some trade facilitation to us. UK has sizeable imports of textiles, leather, furniture, paper, plastics and footwear from China. Pakistan can be considered for these items as our country has great export potential in these areas.
The LCCI President mentioned that trade diplomacy has a crucial role and for that matter Lahore Chamber keeps organizing international business delegations. He informed Lord Nazir Ahmed that last week, he headed a delegation to Malaysia, Thailand and Indonesia which proved very successful. He said that both countries should not remain limited to strengthening trade ties rather Pakistan and UK should exchange parliamentarian, cultural and students delegations too.