Islamabad (Pakistan Point News / Online - 05th April, 2019) President, Islamabad Chamber of Commerce and Industry Ahmed Hassan Moughal has said that there is lot of scope for foreign investors in the filed of construction , energy, textile and information technology.He was speaking to Chinese business delegation that visited ICCI on Friday. He said that the government has launched "Naya Pakistan Housing Program" to build 5-million houses in Pakistan.
He said that due to rising population and emerging market, energy needs were increasing in Pakistan. He said auto sector was also booming in Pakistanwhile IT and textile were growing sectors in the country.He stressed that Chinese investors should transfer technology and set up JVs with localpartners in Pakistan to achieve lucrative results. He said that by investing in Pakistan, Chinese companies would be able to meet the needs of local market and export surplus products to many countries including middle East, Central Asia and other regions.
He assured that ICCI would extend all possible cooperation to Chinese companies for finding right partners in Pakistan.The delegation of Chinese companies led by Yingfu Alex Gong, showed interest for business collaboration and investment in multiple sectors of Pakistan including housing/construction, urban planning, power generation, oil & gas, auto sector, IT and textile.Speaking at the occasion, Yingfu Alex Gong, Head of Chinese delegation saidthat Pakistan was making good progress and creating new prospects forforeign investors. He said in terms of development, Pakistan was at asimilar stage where China was 25 years ago that showed that Pakistan wasemerging as a good market for foreign investors. He said the purpose ofvisiting Pakistan was to explore possibilities of JVs and investment inareas of interest.
