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Thursday November 30, 2023

Ample opportunities for investment in KP, says SCCI chief

By Bureau report
September 24, 2023

PESHAWAR: Sarhad Chamber of Commerce and Industry (SCCI) acting president Ijaz Khan Afridi on Saturday said Khyber Pakhtunkhwa was a lucrative destination for foreign direct investment wherein ample opportunities exist to make investment in tourism, mining, oil and gas and other potential sectors.

Talking to a delegation of Overseas Business Forum United Kingdom (UK) led by its chairman Muhammad Farooq Khan during a meeting held here at the chamber’s house here, he emphasised that it was essential that the government and relevant authorities should take proactive steps to attract foreign investment in those afore-mentioned sectors in Khyber Pakhtunkhwa by removing all hurdles.

Such proactive steps, he said, would help stabilise the national economy and put the country on sustainable growth and progress.

The SCCI chief asked the forum to play its proactive role in attracting foreign direct investment in Khyber Pakhtunkhwa and the chamber would provide every assistance to the forum in this regard.

Ijaz Afridi said the overseas Pakistan business community can play a vital role in the promotion of bilateral trade between the two countries.

Overseas Business Forum UK Chairman Muhammad Farooq briefed the meeting about main objectives of the forum. He invited the Khyber Pakhtunkhwa Businessmen for the forum upcoming event scheduled to be held in London.

Muhammad Farooq pointed out key reasons in declining Pakistan’s exports and bilateral trade to the United Kingdom and the rest of European countries and gave a number of proposals to remove all those trade barriers.

During the meeting, both sides also agreed to strengthen linkages between the business community of Pakistan and the United Kingdom (UK) through launching joint ventures and programmes.