ISLAMABAD: The Acting President of Islamabad Chamber of Commerce and Industry Faad Waheed has invited Pakistani diaspora in UK and USA to explore JVs and investment in Pakistan and assured that ICCI would extend all possible cooperation to them in such efforts.
Addressing a delegation of Pakistani origin politicians and business community from UK and USA that visited ICCI led by Imran Hussain Member UK Parliament and Shadow Minister Employments, Faad Waheed said the UK and USA are major trading partners of Pakistan and Pakistan wants to further strengthen its trade and economic ties with these countries to achieve beneficial outcomes for its economy.
He said Pakistan-UK bilateral trade is currently around £ 2.9 billion and Pakistan-USA bilateral trade is around US$ 10.5 billion, which is still below its actual potential. He said that more serious efforts are needed to further improve Pakistan’s trade with UK and USA. He said that Pakistani diaspora in UK and USA should play more effective role in further enhancing trade and investment relations of Pakistan with these important markets.
He further said Pakistan is a huge market of over 220 million consumers with tremendous potential for joint ventures and investment in various sectors of its economy.
Speaking on this occasion, Engr. Muhammad Azhar ul Islam Zafar, Vice President ICCI said that Pakistan has good potential to export more products to UK and USA. He stressed for regular exchange of trade delegations to explore all untapped areas of mutual cooperation of Pakistan with UK and USA.
Khalid Iqbal Malik, Group Leader ICCI said that Pakistani diaspora should consider investing in housing & construction, oil & gas exploration, infrastructure development, tourism and other sectors in Pakistan. He said that ICCI would provide its full cooperation to connect them with right partners in Pakistan.
