Pak diaspora in Canada urged to pursue long-term investments in Pakistan

ISLAMABAD: High Commissioner for Pakistan to Canada Raza Bashir Tarar has urged the Pakistani diaspora and their representative associations in Canada to synergise their resources and formulate consortiums to launch bigger investment and development initiatives in Pakistan.

According to a press release issued from the High Commission for Pakistan in Ottawa, Pakistani diaspora in Canada was urged to pursue long-term investments in Pakistan, while Canadian companies investing in power projects in Pakistan, investment in power transmission lines were also being discussed.

"It is heartening to see the Pakistani diaspora in North America come forward and contribute generously to the development of the country of their origin through home remittances and extension of relief and assistance to fellow brothers and sisters in difficult times, but it is high time various associations and their members of Pakistani diaspora thought of investing in bigger, long-term projects in Pakistan, particularly in the agriculture, housing, education, and food sectors," said the high commissioner.

He was talking to a group of Pakistani investors who met him at the High Commission to share with him various activities and initiatives launched by them in Pakistan, particularly in the water conservation, housing and education sectors.

Mubin Ahmad, a Pakistani businessman from Edmonton, Alberta, and Attaur Rehman Syed and Sadaf Ibrahim, president Canada Pakistan Association, National Capital Region, were also present.

Raza Bashir Tarar suggested that various associations and organisations of Pakistani diaspora in North America put together a large business delegation consisting of potential investors among the Pakistani community to visit Pakistan, and the High Commission could provide them all necessary assistance, and set up their meetings with the Board of Investment (BOI) and other relevant authorities in Pakistan. He also advised them to formulate concrete business proposals, and the mission could act as a catalyst for fruition of those projects.

Copyright Business Recorder, 2020