Pakistani business community has been urged to explore Mozambique where vast avenues for investment were available and big market awaited Pakistani goods.
Honorary Consul General of Mozambique and a leading Pakistani businessman Khaild Tawab, in a press statement here on Saturday, said businessmen from various countries had shown their interest to invest in Mozambique who was very rich in natural resources especially minerals.
Profit rate in Mozambique was very high in comparison to other African countries due to huge trade opportunities there, he said.
He said that Mozambique Government had focussed on tourism industry, which had grown very high during last couple of years. Due to increased number of foreign tourists, attracted by Mozambique's vast sea and beautiful forests, the local hotel industry had registered 500 percent growth over last three years.
The law and order situation there had greatly improved, he said, adding the government had taken special security measures and that the people were feeling themselves very secure.
He said that Mozambique Government had offered incentives for attracting more investment in hotel industry, which included provision of land at low rates, soft-term loans, and other necessary facilities.
Khalid Tawab said the services industries especially the banking sector had great potential for investment as it offered high rate of interest, and called upon Pakistani banks to open their branches in Mozambique. He said new initiatives were being taken to promote trade and investment between Pakistan and Mozambique, which included the increased exchange of business delegations.
"One high level delegation from Mozambique is scheduled to visit Pakistan soon. We have also planned a delegation representing wide range of business sectors," he said, adding we had already advised the interested businessmen to immediately contact us so that the legal process be completed in time.
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