BAFL 45.66 Increased By ▲ 0.56 (1.24%)
BIPL 20.08 Decreased By ▼ -0.17 (-0.84%)
BOP 5.34 Decreased By ▼ -0.06 (-1.11%)
CNERGY 4.54 Increased By ▲ 0.01 (0.22%)
DFML 16.01 Increased By ▲ 0.33 (2.1%)
DGKC 78.62 Increased By ▲ 5.74 (7.88%)
FABL 27.80 Increased By ▲ 0.65 (2.39%)
FCCL 18.86 Increased By ▲ 1.21 (6.86%)
FFL 8.96 Decreased By ▼ -0.13 (-1.43%)
GGL 12.85 Increased By ▲ 0.21 (1.66%)
HBL 111.54 Increased By ▲ 0.88 (0.8%)
HUBC 122.23 Increased By ▲ 0.71 (0.58%)
HUMNL 7.69 Increased By ▲ 0.34 (4.63%)
KEL 3.29 Increased By ▲ 0.06 (1.86%)
LOTCHEM 27.80 Increased By ▲ 0.48 (1.76%)
MLCF 42.36 Increased By ▲ 3.03 (7.7%)
OGDC 110.37 Increased By ▲ 2.37 (2.19%)
PAEL 18.97 Increased By ▲ 1.41 (8.03%)
PIBTL 5.46 No Change ▼ 0.00 (0%)
PIOC 114.91 Increased By ▲ 6.91 (6.4%)
PPL 94.72 Increased By ▲ 2.97 (3.24%)
PRL 25.32 Increased By ▲ 0.44 (1.77%)
SILK 1.10 Increased By ▲ 0.02 (1.85%)
SNGP 64.32 Increased By ▲ 1.22 (1.93%)
SSGC 12.26 Increased By ▲ 0.37 (3.11%)
TELE 8.36 Increased By ▲ 0.17 (2.08%)
TPLP 13.35 Increased By ▲ 0.24 (1.83%)
TRG 83.84 Increased By ▲ 2.23 (2.73%)
UNITY 25.89 Increased By ▲ 0.14 (0.54%)
WTL 1.54 Increased By ▲ 0.02 (1.32%)
BR100 6,308 Increased By 126.6 (2.05%)
BR30 21,973 Increased By 434.1 (2.02%)
KSE100 61,691 Increased By 1160 (1.92%)
KSE30 20,555 Increased By 366.1 (1.81%)

LAHORE: Deputy Director for Trade, British High Commission, Olivia Campbell has said that the UK is keen to make investment in agriculture, renewable energy, green infrastructure and education sectors of Pakistan.

She was talking to the LCCI President Mian Tariq Misbah at the Lahore Chamber of Commerce & Industry on Tuesday. LCCI Vice President Tahir Manzoor Chaudhry and former Executive Committee member Rehman Aziz Chan also spoke on the occasion.

Olivia Campbell maintained that Pakistan is a huge emerging market and British businessmen are ready to increase trade and economic ties with their Pakistani counterparts. She added that a number of UK companies are already working in Pakistan which is an ample proof of the fact that the UK recognizes Pakistan as a potential market.

LCCI President Mian Tariq Misbah invited British investors to invest in China-Pakistan Economic Corridor (CPEC) that is a game changer. He added that the investors can make investment in Gwadar.

Moreover, the LCCI has urged the government to withdraw recent hike in oil prices that is bound to jack up cost of doing business and inflation in Pakistan.

The LCCI office bearers said that there is no denying the fact that oil prices were on the rise in the international market but instead of passing on this surge to masses, the government should cut the number of taxes on petroleum products as the fuel is the engine of growth. “If the fuel will be heavily taxed, the entire economy will suffer and the same happened in Pakistan as the repeated increases in the POL prices have affected the industrial and economic activities,” they said.

Meanwhile, United Business Group (UBG) Chairman Iftikhar Ali Malik has sought budget proposals from chambers and trade bodies for timely submission to the government for fully ensuring growth-oriented and business-friendly package to boost the economic activities during coronavirus pandemic.

“Pakistan is passing through great ordeal due to coronavirus pandemic and at this uncertain time, business community should come forward with a clear vision to steer out of the quagmire of impending economic crisis and in this regard, they should tailor proposals which help the government to revive the economy,” he said in a statement.

He said the private sector wants to supplement the government’s efforts, aimed at economic revival, adding that joint proposals will help make budget document business-friendly, which would ultimately result in a robust export-led growth.

Copyright Business Recorder, 2021


Comments are closed.

UK wants to invest in agri, renewable energy and other sectors

Israel's goal to destroy Hamas risks decade of war: Macron

Pentagon aware of reports of attack on US warship in Red Sea: AP

Pakistan’s stance on climate finance for developing countries acknowledged in COP28: PM Kakar

Most Gulf markets fall on weak oil; Saudi gains

Top development banks at COP28 vow to up climate game, quiet on fossil fuels

CJP’s office says he’s ‘fully cognizant of his constitutional duties’

Modi’s party routs opposition in key India state polls

India's ruling BJP leads in 3 of 4 state poll results

Kashmiri students arrested for celebrating India’s Cricket World Cup defeat get bail

David Warner included in settled Australia squad for first Pakistan Test