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UK-based Pakistani investors sign deals to invest £200m in Pakistan

UK-based Pakistani investors sign deals to invest £200m in Pakistan

ISLAMABAD: The Pakistani origin investors settled in UK have signed deals to invest £200 in various sectors of Pakistan’s economy. This was disclosed by Amjad Khan, President, UK-Pakistan Chamber of Commerce & Industry during his visit to Islamabad Chamber of Commerce & Industry along with a large business delegation.

He said that the delegates have come with plans to invest in multiple sectors of Pakistan including tourism, real estate, hospitality industry, IT & telecom, health, education and other fields and delegation members have so far signed agreements to invest 200 million pounds while they are looking for more investment opportunities in Pakistan. The delegation was representing real estate, tourism, education, Halal meat, poultry, medical technology, defense parts and equipment, automobile, IT, textile, import/export and other sectors.

UKPCCI delegates said that their children were keen to invest in Pakistan as over 800 young entrepreneurs from UK were making plans to move to Pakistan. They said that Pakistani expatriate entrepreneurs in UK wanted to transfer their expertise, knowledge and money to their youth and were encouraging them to invest in Pakistan in order to play 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, Iftikhar Anwar Sethi, Acting President, Islamabad Chamber of Commerce & Industry said that Pakistan and UK have 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 that Pakistan was emerging as a big consumers’ market for businesses and UKPCCI members should explore JVs and investment in Pakistan in areas of interest. He said investment by UKPCCI members in Pakistan would give more confidence to foreign investors leading to enhanced FDI in the country.

He said that apart from CPEC, tourism, real estate, construction, 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 that UKPCCI members should take full advantage of these emerging business opportunity in Pakistan to grow fast in business.

Mian Shaukat Masud, Shaban Khalid, Muhammad Ahmed, Tauseef Zaman and others also spoke at the occasion and showed interest to establish business partnerships with the members of UKPCCI.