SCCI chief invites Belgians to invest in KP potential sectors

14 October 2020

Sarhad Chamber of Commerce and Industry

SCCI chief invites Belgians to invest in KP potential sectors

October 14, 2020

President, Sarhad Chamber of Commerce and Industry, Sherbaz Bilour has invited the Belgians investors to make investment in hydel power generation, oil and gas, mines and mineral, gemstones, tourism, agriculture sectors along with the China Pakistan Economic Corridor, saying that there was huge potential available for foreign investors in Khyber Pakhtunkhwa.

The SCCI chief Sherbaz Bilour and Ambassador of Belgium to Pakistan, Philippe Bronchain held a meeting here in the chamber house on Wednesday.

The meeting discussed various prospects to enhance bilateral trade, investment and joint ventures between Belgium and Pakistan. On the occasion, the both sides have agreed that the SCCI and Brussels Chamber of Commerce and Industry are ready to sign a memorandum of understanding (MoU), besides bringing the business community of both the countries near to each other.

Engineer Manzoor Elahi, senior vice president, Junaid Altaf vice president of the chamber, former president FPCCI Ghazanfar Bilour, former presidents of the SCCI Haji Muhammad Afzal, Faiz Mohammad Faizi, Zulfiqar Ali Khan, members of the chamber executive committee, Malik Mohsin Sajjad, Kamran Zeb, Muhamamd Tariqa, Waqar Ahmad, former vice president Abidullah Yousafzai, Saddar Gul, Faiz Rasool, Shafiq Afridi, Sanaullah, The Embassy of Belgium in Islamabad, Trade Commissioner, Abid Hussain and other members were present in the meeting.

Philippe Bronchain while speaking on the occasion said that his country was interested in making investments in Pakistan, as it was a potential country for business and investment activities. He said that he would play a constructive role in building a strong image of Pakistan in his country.

Belgium is an important country of Europe. Brussels, the capital of Belgium is also the headquarter of European Union, which makes Belgium all the more important for forging and strengthening ties with the EU, especially maintaining and improving GSP plus status, SCCI chief said. He thanked Belgium for extending generous financial support during natural disasters in Pakistan.  

The chamber president stressed the need of establishment of business to business contacts, holding joint trade exhibitions, exchange trade delegations and simplifying the process of business and tourism visas issuance process.  

Philippe Bronchain agreed with the recommendation and proposal of the SCCI president Sherbaz Bilour and members of the business community and stressed the need for further bolstering mutual trade and economic ties between the two countries.

Ghazanfar Bilour, Engr Manzoor Elahi, Junaid Altaf, Faiz Muhammad, Zulfiqar Ali Khan, Kamran Zeb, Shafiq Afridi and others also spoke on the occasion and gave number of suggestions and proposals for further cementing the bilateral trade relations between.  

Earlier, in his address, Embassy of Belgium Trade Commissioner Abid Husain highlighted the bilateral trade volume between Pakistan and potential sectors for enhancing economic and trade relations among both the countries.