Lahore : – Since the government has achieved certain economic targets, the focus needs to be shifted to promote local and foreign investment.

This was stated by the LCCI President Sheikh Muhammad Arshad in a statement issued here. The LCCI President said that it was happy sign that things on economic front are fart improving. He said that there should be a solid strategy to facilitate the private sector that can be of great help for the promotion of local and foreign investment.

He said that a number of sectors in Pakistan including infrastructure development, coal, energy, agriculture, livestock, textiles and pharmaceutical offer lucrative investment opportunities to foreign investors but due to absence of a proper marketing strategy these opportunities are unattended even today.

He said that Foreign Direct Investment is one of the major players for economic development of any country. It is a matter of concern that Foreign Direct Investment is slowing down with the passage of time which has posed a number of economic challenges for the country.

He said that China is the only major country whose Foreign Direct Investment in Pakistan has jumped up from $ 13.7 million in 2007-08 to $ 255.3 in 2014-15. He said that Foreign Direct Investment of USA in Pakistan has come down from $ 1309.3 million in 2007-08 to $ 209 million in 2014-15, of UK from $ 460.2 million to $ 174.3 million in 2014-15, of UAE from $ 589.2 in 2007-08 to $ 216.4 in 2014-15 and of Japan from $ 131.2 million to in 2007-08 to $ 71.1 in 2014-15. He said that situation is not different as far as various other countries is concerned.