UK economy has a lot for Pakistan businessmen: Lord Nazir

F.P. Report

LAHORE: Member British Parliament Lord Nazir Ahmed said on Saturday that many sectors of United Kingdom’s economy had vast space for Pakistani businessmen and they could get good share through B2B (Business to Business) contacts, modern business techniques and technologies.

He was speaking at Lahore Chamber of Commerce & Industry (LCCI), where LCCI President Malik Tahir Javaid and Senior Vice President Khawaja Khawar Rashid also spoke on the occasion, while Zafar Iqbal Chaudhry, Awais Saeed Piracha, Naeem Hanif, Shahid Nazir, Zafar Iqbal, Muhammad Wasim and Muhammad Chaudhry were present in the meeting.

Lord Nazir Ahmed said that those countries were leading at economic front where private sector was playing good role, asserting that Pakistani business community had the ability to turn country into an economic power. They should come forward and join hands with their foreign counterparts, he said and added that Pakistani expatriates were playing laudable role in the economy of UK and were ready to facilitate their Pakistani brothers who want to do business.

The Member British Parliament also emphasized the need for collective efforts to increase the existing trade volume between the two countries. He said that Pakistani businessmen should focus on joint ventures with their British counterparts to take full advantage of the expertise of UK.

Lord Nazir Said, “India is utilizing its all energies and propagating against Pakistan to cause huge economic loss but I have raised voice against this conspiracy at all international forums”.

LCCI President Malik Tahir Javaid said that Pakistani business community attached a lot of importance to the role played by Lord Nazir Ahmed to support Kashmir cause in the House of Lords. He said that businessmen truly admired his efforts and stance to raise the voice for Kashmir.

He said that despite the GSP Plus status, Pakistan had not been able to enhance its exports to UK. He said that there was an ample potential of joint ventures between two countries in the areas of auto parts, processed food, pharmaceuticals, leather made-ups, light engineering and surgical instruments.

Malik said that UK should provide some trade facilitation to us. The UK has sizeable imports of textiles, leather, furniture, paper, plastics and footwear from China. Pakistan can be considered for these items as our country has great export potential in these areas.

The LCCI President mentioned that trade diplomacy had a crucial role and for that matter Lahore Chamber kept organizing international business delegations.

He informed Lord Nazir Ahmed that last week, he headed a delegation to Malaysia, Thailand and Indonesia which proved very successful.

He said that both countries should not remain limited to strengthening trade ties rather Pakistan and UK should exchange parliamentarian, cultural and students delegations too.