PM welcomes Lebanese investment in PAK

October 04, 2013

Welcoming the Lebanese Business Delegation, Prime Minister Muhammad Nawaz Sharif appreciated the 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 present Government has embarked upon an investor friendly policy to facilitate foreign investors.

The Prime Minister said this while meeting a Lebanese business delegation led by Mr. Fuaod Makhzoumi, who called on him at PM House this afternoon.  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.

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.