The LCCI President maintained that such subsidies given by the EU to its agriculture sector should be abolished to provide level-playing field to Pakistani agri products.
Shahid Hassan Sheikh said that potential sectors of interest for the British investors could be fruits & vegetables, livestock & Dairy development, fisheries, horticulture, storage facilities for agri-products textiles, garments, leather & leather products, chemicals, electrical and electronic appliances, oil and gas, I.T. and infrastructure projects such hydro- electric power generations, ports & ports handling etc.
The LCCI President said that UK is one of the top 6 countries, which have made investment in Pakistan. British investment in Pakistan stood at 38 percent of total foreign investment made in Pakistan during July-September, 2006. About 70 British multinationals have invested in various sectors such as food, tobacco & cigarettes, textiles, chemicals, petroleum refining, oil & gas, pharmaceuticals, cosmetics, cement, power, communications, financial services etc and all these are success stories.
The LCCI Vice President Mubasher Sheikh, in his address, appreciated efforts of Manchester Chamber of Commerce for the promotion of trade and investment between Pakistan and the United Kingdom. He hoped that the initiative would prove beneficial for the business communities of the two countries.
According to him, enhancement in trade and investment is possible through active engagement of Lahore Chamber of Commerce and Manchester Chamber of Commerce & Industry and Manchester Chamber of Commerce. Mubasher Sheikh also highlighted Pakistan's investment policy that offers attractive terms to foreign investors.
Lahore Chamber of Commerce & Industry
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