An Italian delegation comprising Director Centro for International Studies Gabriele Lacovino and Senior Analyst Fancesca Manenti visited the Lahore Chamber of Commerce and Industry (LCCI).
LCCI Senior Vice President Ali Hussam Asghar briefed the delegation about the functioning of Lahore Chamber. He said the international community is acknowledging that Pakistan is a great country with bright future and picture being portrayed by some elements has nothing to do with reality. Pakistan has immense economic potential and ready to accommodate multinational companies and international investors while promising unmatched business facilitations to them, he said.
The LCCI Senior Vice President said that Pakistan has improved 28 points on the World Bank's Ease of Doing Business (EODB) Index to reach 108th place and secured a place among the top 10 countries with the most improved business climate. It is an ample proof that Pakistan is on the right track. The Lahore Chamber aims to bring EODB rating of Pakistan in top 50 countries in coming few years, he said.
He appreciated Italy for being supportive to Pakistan within the EU with special reference to trade-related issues. Italy is Pakistan's third biggest market in Europe and bilateral trade is likely to touch new heights in near future, he said.
Pakistan attaches the highest importance to its relations with Italy in various fields. The Italian investors can invest in agro-based industries, construction, mining, textiles and tourism sectors, where Pakistan could contribute and find complimentary areas in design and fashion. Other sectors included IT and telecommunication, he said.
Ali Hussam Asghar said that Italian businessmen could take advantage from the investment-friendly climate of Pakistan that offer best return on the foreign investment with economic policies providing for legal protection to foreign investment. It is high time for the Italian investors to come to Pakistan for investment which is fast becoming hub of economic activity in the region, he said.
Comments
Comments are closed for this article.