37 member British delegation arriving to explore investment opportunities

ISLAMABAD : A delegation of 37 British businessmen and investors is scheduled to arrive here Monday 11 September 2011

Published September 8, 2011 Updated September 8, 2011 08:21am

2 min

By Parvez Jabri

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"Although the delegation would be exploring investment potential of various sectors, however the main focus would be on mining, oil and gas, infrastructure and financial sectors," Mandviwalla told APP in an interview.

The delegation would be led by Sir Thomas Harris, Chairman Standard Chartered Bank and also Chairman of Pakistan Britain Trade and Investment Forum (PBTIF).

The delegation will remain in the country till 17 September and the members would hold meetings with government functionaries, businessmen and other stakeholders during their stay, he added.

Giving breakup of the schedule, he said that the delegation will arrive on 11 September in Islamabad and will hold meetings with various people in the capital on 11 and 12 September.

On 13 September it will go to Karachi, on 14 September to Quetta, on 15 September to Lahore while on 16 it would come back to Islamabad, he added.

Mandviwalla said that BoI was striving hard to keep on involving people and attract investments into the country adding that the delegation was visiting Pakistan on the request of BoI.

He expressed the hope that this visit would result in attracting investments into the country.

Mandviwall said that on the same lines, a Chinese delegation is also expected to visit Pakistan to explore investment opportunities. He said that the Industrial and Commercial Bank of China(ICBC) would be arranging and gathering Chinese businessmen to visit Pakistan for exploring business opportunities.

He said that ICBC has already opened its branches in Karachi and Lahore to boost economic cooperation among the two friendly countries.

Mandviwalla said that the BoI was also focusing towards Central Asian Countries and Russia adding that VTB Bank of Russia would be opening branch in Pakistan.

He said that Ziraat Bank of Turkey would also open its branch in the country this year which he said would function as bridge in finance communication between the two countries.

Giving overall picture of the investments into the country, the BoI Chairman said that the investment into the country this year have reached to almost $1.6 billion. He said that an average of $100 million investment was recorded on monthly basis.

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