LAHORE, July 9 (APP): A top Italian construction company has agreed to make investment in Pakistan by initiating joint ventures and strategic alliance with their Pakistani counterparts.
This was revealed by Antonio Bolite and Angelo Zacaroti, representatives of Messrs ARKO, while talking to LCCI President Shahid Hassan Sheikh and Vice President Mubasher Sheikh here at Lahore Chamber of Commerce and Industry on Monday.
The representatives of Messrs ARKO (the company deals in furniture and wooden doors) were one voice over the economic health of Pakistan and termed it very sound.
They said that in terms of trade and economy, Pakistan has a huge potential for foreign investors.
They said that major bottleneck in promotion of trade and economic activities between the two countries is the lack of information about business opportunities available between the two countries.
“We need to undertake frequent activities like exchange of business delegations, organizing country exhibitions, participation in fairs & exhibitions, seminars and workshops etc. to ensure a continuous liaison,” representatives said.
Speaking on the occasion the LCCI President Shahid Hassan Sheikh informed the delegation that the increasing volume of foreign direct investment is enough to make the point that the level of foreign investors’ confidence in government economic policies is going up.
He said that Pakistan is among the fastest growing economies in the region. This robust growth has been underpinned by supportive macroeconomic policies, growing domestic demand, renewed confidence of the private sector, fiscal discipline and competitive exchange rates. The economic indicators in terms of gross domestic product, balance of payments and foreign exchange reserves are much stronger today than ever before.
Source:
http://www.app.com.pk/en/index.php?option=...43&Itemid=2