The Leader of 10-member delegation of Manchester Chamber of Commerce & Industry Ivan Venantius has said that Pakistan's economic turnaround is sending a positive signal to the outer world and a number of leading British investors are planning to utilize available investment opportunities by initiating joint ventures with their Pakistan counterparts.
Mr. Ivan Venantius was speaking at the Lahore Chamber of Commerce & Industry on Thursday. The LCCI President Shahid Hassan Sheikh and Vice President Mubasher Sheikh also spoke on the occasion. Mr. Ivan Venantius spoke at length on various issues coming in the way of bilateral trade.
He said that five more high-powered sector-specific UK delegations would be visiting Pakistan by the end of March 2007. He said that the delegation had made some progress in entering into joint ventures with Pakistani counterparts in various sectors which is a positive sign.
He, however, called for immediate measures to improve soft-image of Pakistan which had been tarnished in the past due to some or the other reason. He also invited the attention of the Pakistan government towards bad law and order situation in the country saying that it is one of the biggest hurdles in the way of foreign investment.
Speaking on the occasion, the LCCI President Shahid Hassan Sheikh demanded greater market access for Pakistani products. He called for a review of anti-dumping duties imposed at the rate of 5.8 percent on Pakistani bedlinen.
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