Overseas Pakistanis are keen to invest in banking, cement, IT, communication and other sectors. This was stated by members of a 20-member delegation of Pakistan-UK Chamber of Commerce and Industry while talking to newsmen at a local hotel here on Friday.
The delegation, headed by Pakistan-UK Chamber of Commerce and Industry president Samiullah, vice-president Ishtiaq Ahmed, general-secretary Ikram Khan, MAP Trading Limited chief executive Muzaffar Chowdry and others, is in Karachi to attend the Expo Pakistan-2006.
Samiullah said the UK-Pakistan Chamber of Commerce and Industry has signed two separate MoUs with Federation of Pakistan Chambers of Commerce and Industry and Karachi Chamber of Commerce and Industry for increasing bilateral trade between two countries. He said another MoU is expected to be signed with the Lahore Chamber of Commerce and Industry during next few days.
Muzaffar Chowdry said his company has invested $750 million in Pakistan in banking and cement sector. "We have established two cement factories in the country while the work on a third was in progress and the project would be completed in near future," he said, adding his company also holds 50 percent shares of the United Bank Limited. He said Pakistan offers great investment potential in different sectors.