UK delegation signs deals for £200m investment in Pakistan

Is also looking for more investment opportunities in Pakistan

ISLAMABAD: A business delegation of the UK has signed agreements for investment of 200 million pounds in Pakistan and it is also searching for more investment opportunities, announced UK-Pakistan Chamber of Commerce and Industry (UKPCCI) President Amjad Khan.

Talking to business community at the Islamabad Chamber of Commerce and Industry (ICCI), Khan pointed out that the delegation arrived with serious plans to pour capital into different sectors in Pakistan including real estate, hospitality, information technology and telecommunication.

The delegation represented real estate, tourism, Halal meat, poultry, automobile, IT, textile, import/export and other sectors. The delegates told Pakistani businessmen that their children were quite keen to invest in Pakistan and over 800 young entrepreneurs from the UK were planning to come to the South Asian nation.

“Pakistani expatriate entrepreneurs in the UK want to transfer their expertise, knowledge and money to their youth and they are encouraging them to invest in Pakistan in order to play a positive role in economic development of their motherland,” they said.

The delegates pointed out that they held successful meetings with public and private-sector representatives during their visit to Karachi, Lahore, Rawalpindi and Islamabad in order to explore investment opportunities in Pakistan.



Speaking on the occasion, ICCI Acting President Iftikhar Anwar Sethi said Pakistan was emerging as a big consumer market for businesses and urged UKPCCI members to explore joint venture and investment avenues in the country in their areas of interest.

He stressed that investment by UKPCCI members in Pakistan would boost the confidence of foreign investors, leading to enhanced foreign direct investment.

Published in The Express Tribune, April 18^th, 2019.

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