LAHORE, March 17: Lahore Chamber of Commerce and Industry President Mohammad Ali Mian has proposed a three-pronged strategy to promote country’s exports and improve the perception of the country abroad.
Talking to commercial counsellors-designate for Hong Kong, Geneva, Bangladesh, Italy, Nigeria and South Korea here on Monday, Mr Mohammad Ali said they should maintain a close liaison with potential businessmen and trade bodies, do aggressive marketing of Pakistani products and collect basic trade-related data for its dissemination to all the chambers back home.
He said that the role of the diplomats had always been crucial for promotion of business activity and for economic turnaround of any country.
They were considered to be the special ones who had enough knowledge to pave the way for foreign investment.
The harmony developed between the public and private sectors during the last couple of years was reflected in the economic indicators of the country, he said, adding Pakistan was now among the fastest growing economies in the region that included China, India and Vietnam.
He said that Pakistan is destined to become the logistics, trade, tourism, energy and manufacturing hub after the completion of work on $5 billion North-South trade corridor project, with the participation of World Bank, Asian Development Bank and the private sector.
He said that the government had adopted a liberal investment policy to attract maximum foreign investment where foreign investors could hold 100 per cent equity.
There was no restriction on repatriation of the principal, dividends, profits and royalties, he pointed out.
