Govt to welcome Lebanese investment in various sectors: Nawaz Sharif

ISLAMABAD: Prime Minister Mian Muhammad Nawaz Sharif has said that the government will welcome the Lebanese investors besides provision of facilities and ensuring security to their investment.

He stated this while talking to a Lebanese business delegation led by Mr. Fuaod Makhzoumi, who called on him at PM House on Friday.

Minister Finance Ishaq Dar, Minister Petroleum Shahid Khaqan Abbasi, Chairman Board of Investment Muhammad Zubair and Ms. Rana Rahim Pakistan’s Ambassador in Lebanon attended the meeting.

He welcomed the Lebanese Business Delegation and appreciated keen interest shown by Lebanese Businessmen to invest in various projects in Pakistan particularly in plastic pipe manufacturing. He assured the visiting delegation that the sitting government has embarked upon an investor friendly policy to facilitate foreign investors.

The prime minister further said that Pakistan attaches importance to the traditional relations with Lebanon and is desirous of increasing and fully exploiting the huge potential of bilateral trade.

It may be noted that Pakistan-Lebanon mutual trade amounted to US$ 30.6 million during Financial Year 2011-12. Export from Pakistan to Lebanon includes cotton fabrics, yarn, carpets, rice, leather, surgical equipment, sports goods, furniture, cutlery and ceramics while as Pakistan imports electrical parts, copper and paper products from Lebanon.