FIEDMC delegation leaves for UK to explore mutual investment opportunities
ISLAMABAD: A high level delegation of Faisalabad Industrial Estate Development and Management Company (FIEDMC) on Saturday left for the United Kingdom on 5-day tour to promote bilateral trade and enhance close cooperation through exchange of private sector delegations.
In a press statement prior to his departure FIEDMC Chairman Mian Kashif Ashfaq said the purpose of this tour is to seek investment in FIEDMC different projects especially in Allama Iqbal Industrial City which is a prioritized Special Economic Zone under CPEC.
The delegation would have one on one direct interaction with foreign business leaders, researchers and investors in the UK, he said, adding the tour would enable investors to identify potential organizations to partner and developing successful regional economic strategies and support regionally vital businesses.
He said since the global economic gravity has shifted towards Asia and Pakistan, CPEC is opening new vistas of business opportunities to the advantage of the people.
Pakistani market is mostly unexplored and has huge potential, thus offers lucrative investment opportunities.
Mian Kashif said the United Kingdom is the third largest investor in Pakistan after China and the Netherlands and accounts for 8% of foreign direct investment to Pakistan.
He said due to proactive efforts of the Pakistan High Commission, the British government had given a commitment that post-Brexit, Pakistan would continue to enjoy similar market access which it was currently enjoying under GSP Plus.
This development, he said, had removed the element of uncertainty and further boosted Pakistan’s exports to the UK market.
He pointed out that the EU had not necessarily prevented the UK from doing trade and business. “But now Brexit allows the UK to focus more on countries outside the EU. – APP