LAHORE: Ambassador of Nepal Sewa Lamsal Adhikari has said that Nepal is holding Investment Summit in March to share its potential with the world. Pakistani businessmen must participate in the Investment Summit at Nepal to explore untapped opportunities. She was speaking at the Lahore Chamber of Commerce & Industry. The LCCI President Almas Hyder presented the address of welcome while Senior Vice President Khawaja Shahzad Nasir, Vice President Faheem-ur-Rehman Saigal and Executive Committee Members were present on the occasion.
The Ambassador said that Nepal is a virgin land for investors and there are a lot of investment opportunities for Pakistani Investors. She said that this is the right time for Pakistani businessmen to do business with Nepal. She said that there is huge potential of investment in the field of Infrastructure, agriculture, sports, specifically in Hydropower sector.
She said that work on Free Trade Agreement between Nepal and Pakistan is well on the way. She said that lack of direct flight between the two countries and long route through India is coming in the way of two-way trade expansion.
The Ambassador said that 60 years of relations between Nepal and Pakistan are being completed on 20th of March and Nepal has planned to celebrate this event. She said that Nepal highly values the relations with Pakistan.
The LCCI President Almas Hyder assured his full support for the promotion of cultural and trade relations of both sides. He invited Nepal to organize a Cultural Event, Nepal Food Festival or Nepal Nights here in Lahore that would bring near the people of the two countries. He also invited a cultural delegation from Nepal to visit Pakistan. He said that there must be people to people interactions of both sides to come closure to each other. Almas Hyder said said that SEFTA is a good channel of trade for both countries.
He said that unfortunately we didn’t seriously focus to enhance the trade relations and investment in Nepal and China and India are getting fruits. He said that exchange of business delegations is need of the hour.
“It is needless to mention that a lot of efforts are required to be done to boost the low level of bilateral trade”, the LCCI President said and added that trade figures suggest that both countries desperately need to make efforts for developing people to people contact, tourism links, direct flights between Pakistan and Nepal for building mutual relations and supporting the bilateral trade. He said that Lahore Chamber of Commerce is ready to provide any service to the businessmen from Nepal.
