KCCI urges foreign delegates to invest in Pakistan

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KARACHI: Muhammad Haroon Agar, president of the Karachi Chamber of Commerce and Industry (KCCI), has urged the foreign delegates visiting Expo Pakistan 2012 to invest as the country offers immense opportunities in various sectors, according to a statement on Friday.




The KCCI president said that the country offers investment opportunities in sectors such as textiles, energy, value-added agriculture, engineering, pharmaceutical and healthcare, fruits, rice, vegetables, sports and surgical goods, it said.




Speaking on the occasion of meetings with foreign delegations at the Expo Pakistan 2012 at the Expo Centre, he highlighted the real and true potential of Pakistan with all its strengths.




He stressed the need to develop trade with the friendly countries and raised strong voice for market access to Pakistan in the United States, European Union, Asian and African markets.




Agar accompanied by Senior Vice President Shamim A Firpo, vice president Nasir Mehmood along with the managing committee Members of the KCCI, met business delegations from the United States, Afghanistan, Malaysia, Egypt, Nigeria, South Korea and South Africa. Commercial Counsellors of Pakistan in those countries were also present during the meeting, according to the statement.




The KCCI president also signed a memorandum of understanding with President of Pakistan Chambers of Commerce USA and deputy president of Malay Chamber of Commerce, Malaysia for mutual cooperation to enhance bilateral trade and extend facilitation to members of the respective chambers.




He also emphasised upon frequent and meaningful interaction between the Pakistan’s Commercial Sections abroad and the Karachi Chamber of Commerce and Industry, it said.




The foreign investors should explore the possibilities of joint ventures, he said, and proposed to the president of Pakistan Chamber of Commerce USA and deputy president of Malay Chamber of Commerce, Malaysia to form joint chambers with the KCCI.




He articulated that Pakistan is a land of endless opportunities, having immense natural resources. Pakistan is located at the gate of world’s major trade routes such as China, India, Iran, the Middle East and Central Asian countries where interested countries can re-export from Pakistan. He highlighted that Pakistan has a very liberal investment policy with agreements of investment protection and avoidance of double taxation with more than 50 countries of the world.




Agar invited foreign delegates to participate in the KCCI annual “My-Karachi, Oasis of Harmony” Exhibition scheduled to be held in July 2013, which is a showcase and B2B and B2C platform wherein local and foreign exhibitors participate.




He assured the foreign delegates Karachi Chamber’s support and cooperation for match-making with their Pakistani counterparts, particularly the KCCI members.


Courtesy: The News

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