Pakistani expatriates likely to invest in country: Mehar

29 Oct, 2011

Senior Vice President Lahore Chamber of Commerce and Industry Kashif Younas Mehar, who returned home from a United Kingdom visit on Friday said a number of Pakistani expatriates had assured him that they would make investment in Pakistan.
Mehar said he along with President Lahore Chapter of Entrepreneurs Organisation Umair Virk also had successful meetings with Pakistanis expatriates and briefed them that Punjab was fast becoming a hub of business activities and any investment made in the province would help them earn handsome amount.
They said that huge investment opportunities exist in power, agriculture, livestock and tourism. The Pakistan expatriates also said that the business community of the country had both the capacity and the ability to do miracle provided they were given a chance, Mehar said.
He also had meetings with Member of Parliament East Ham and Shadow Minister Stephen Timms, Member of Parliament Birmingham Perry Barr, Khalid Mehmood, Member of Parliament for Warley John F Spellar, Member of Parliament Lord Nazir Ahmad, Newham Councillor and Mayor's Community Advisor, Unmesh Desai, Peter Courtney of UK Trade and Investment, Executive Director Regeneration, Planning & Property Clive Dutton, Director Westfield John Burton and a large number of Pakistani expatriates.
He said that the British Parliamentarians were of the view that Pakistan would have to focus on the development of people, incentives to the local investors, employment generation and business competitiveness to overcome multiple internal and external challenges being faced by the country.
The parliamentarians said that investment in the country would enable them to face challenges boldly while incentives to the local investors would encourage foreign investments. Impact of Pakistan economy on Afghanistan also came under discussion. They particularly stressed the need for early establishment of Public-Private joint working groups for the sake of result-oriented policies in the country, he added.

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