US Investors evince keen interest for JVs and investment in Pakistan by Khurram Shahzad Business Reporter

US Investors evince keen interest for JVs and investment in Pakistan

Islamabad (Business Reporter) A delegation of World Technology & Trade Inc. (WTTC) of USA led by its Chairman Dr. Robert Y. Ni visited Islamabad Chamber of Commerce and Industry and showed keen interest for joint ventures and investment in Pakistan.
Speaking at the occasion, Dr. Rober Y. Ni said that WTTI, incorporated in California, USA was an independent/advisory consulting firm specializing in serving various international business sectors with business interests in USA, China, Canada and many other countries. He said WTTI has played a major role in technology/equipment transfers, consultation & operating of major infrastructure projects globally including financial investments, mining & metallurgy, construction & development, food, farming & supply, port engineering, general aviation/aircraft, pharmaceuticals, medication, media & entertainment, oil & gas, new energy, IT outsourcing, logistics & distribution and now it was focusing on Pakistan to bring various investment project to contribute in its economic development.
Tad Ballantyne, Executive Vice President of WTTI said that Pakistani youth was showing outstanding performance in US, which showed that Pakistan has great talent and huge prospects for business and investtment. He said many US investors were taking keen interest in CPEC project, but media was depicting a wrong perception of Pakistan in outside world. He said that there was a great need of more interaction between the private sectors of Pakistan and USA to remove misperceptions and build long-term business partnerships. He said it was an exploratory visit of their delegation to Pakistan and next time, they would come with more business plans for JVs and investment in Pakistan and would try to set up WTTI office in Pakistan.
Speaking at the occasion, Sheikh Amir Waheed, President, Islamabad Chamber of Commerce & Industry said that Pakistan was a peace loving nation and offered hue prospects to foreign investors in various sectors of its economy. He said CPEC has created plenty of opportunities for JVs and investment in Pakistan and it was the right time for US investors to visit Pakistan and grab these opportunities for developing sustainable business partnerships with Pakistani counterparts.
He said Pakistani pharmaceutical companies were mostly importing raw material to produce medicines and stressed that US investors should try to set up raw material producing plants in our country as this business has immense scope in Pakistan. He assured that ICCI would extent all possible cooperation to US investors in exploring JVs and investment opportunities in Pakistan. Muhammad Naveed Senior Vice President ICCI, Abdul Rauf Alam, Tariq Sadiq, Baser Daud and others also spoke at the occasion.