46 Investors and Business Leaders attend Multilateral Conference: seek joint-ventures in Pakistan

Lahore: The Multilateral Investor and Trade conference 2011 a joint effort, by the bilateral business groups of friendly countries based in Pakistan and the Board of Investments (BOI) and Trade Development Authority of Pakistan (TDAP), to boost global business relations between progressive countries and Pakistan, was an outstanding success with 46 investors and business leaders from 18 countries attending the meeting.

The conference was organized with the collaborated efforts of the business forums from Australia, Belgium, France, Germany, Italy, Japan, Korea, Malaysia, Russia, Sri Lanka, Switzerland and United States, to provide opportunities to seek joint-ventures and create global business partnerships.

Mr. Saleem H. Mandviwala, Minister of State and Chairman, Board of Investments (BoI) in his keynote address extended his support and assistance to the investors and also opined, “The BOI has changed the way we do business with our global audiences.

Today’s overwhelming response from investors and business leaders convinces us that we are on the right path and Pakistan is a strong contender to win the confidence of companies from around the world”

The Ambassador of Japan, H.E. Mr. Hiroshi OE and the Chairman of AOTS, Japan addressed the large gathering of 300 delegates and expressed their satisfaction in doing business in Pakistan, given the fact that Japan has a large presence in corporate Pakistan.

Japan has a wide range of popular brands operating in Pakistan in various business segments including automobiles, auto-parts, electro-medical equipment and a host of other services and facilities.

Mr. Ian James Donald, Managing Director of Nestle Pakistan in his passionate address to a packed house appreciated the successful journey of his company in Pakistan and the success with which Nestle has operated here for the past many years. He said that some of their installations and operations in Pakistan were among the biggest in the world.

Earlier, Mr. Abdul Kader Jaffer, Chairman of the conference and also the President of the Pakistan-Japan Business Forum, welcomed the delegates from all over the world and thanked them for their confidence in Pakistan.

He was on the opinion that if we work towards a common goal to achieve mutual business successes, Pakistan as a business destination was an ideal place to invest in and set-up joint-ventures. He said, “Pakistan’s potential to produce a wide range of high-quality products, commodities, services and resources, was second to none.”

Summing up the sessions, the coordinator for the breakout sessions Mr Sohail P. Ahmed briefed the audience on the inputs from participants, which included both issues and opportunities for doing business in Pakistan.

A large number of foreign investors expressed great interest in various economic sectors of Pakistan, while discussing opportunities of collaboration and cooperation with the Pakistani experts and business leaders.

The newly appointed Governor State Bank of Pakistan, Mr. Yaseen Anwar, was the Chief Guest at the concluding session of the conference and expressed the support of the central bank in facilitating investors with their financial requirements and obligations.

He highlighted the great opportunities that exist in these vibrant sectors and appreciated the healthy participation seen during the deliberations. He invited the delegates to build on this great initiative and enable rapid progress on all fronts.

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