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Press Release

Pakistan good market for foreign investors

Pakistan is one of the thriving economies and possesses ideal geographical location. Foreign investors can have rich dividends by joining hands with their Pakistani counterparts and investing in various sectors of economy.  This was stated by the Vice President of Lahore Chamber of Commerce & Industry Tahir Manzoor Chaudhry while talking to a Chinese delegation, led by Foreign Trade Manager of Guangdong Jinuosh Technology Company Lucia Wong, at LCCI on Monday. Executive Committee Members were also present on the occasion.

“It is good to see that a Chinese delegation from hi-tech machinery & industrial testing and laboratory testing equipment sectors is visiting LCCI because after the outbreak of COVID-19, the frequency of the visits of Chinese Delegations to Pakistan has been seriously affected”, the LCCI Vice President said and added that  China is already the major supplier of industrial machinery for Pakistan as our imports from China are around 12 billion dollars. These types of interactions will certainly help in enhancing the trade volume between the two countries which currently stands at around 14 billion dollars.

He said that considering these developments that businesses across the globe are resuming and people have learnt to carry on with their daily routines along with this virus, frequent exchange of trade delegations in near future is anticipated.  The LCCI Vice President said that Chinese investment in hi-tech machinery, power, textile, pharmaceutical, dairy, livestock and agriculture sectors can bring two friendly countries more closer besides attracting much-needed foreign direct investment to Pakistan. He said that Pakistan is looking Chinese businessmen for making joint efforts aimed at boosting bilateral trade and economic relations.

He said that in the context of ongoing project of China-Pakistan Economic Corridor, the need and importance of private to private contacts has mounted. In this scenario, the role of chambers of commerce has widened.  The LCCI Vice President enlightened the Chinese delegation that Lahore has a special significance being the hub of business activities in Punjab. Both public and private sector organizations are striving hard to fully exploit the trade and investment potential of Punjab in collaboration with foreign investors. He said that China is first choice for Pakistani businessmen to join hands for joint ventures. He hoped that the state level cooperation between two countries will bring greater fortune to both the countries.