Businessmen for easing visa process

ISLAMABAD (APP) - Syria on Wednesday invited Pakistani investors to invest in various sectors of Syrian economy as the country was focusing on promoting investments under a five-year development plan. Investment could be made in retail, agriculture, office, leisure infrastructure, energy and tourism sectors, said Deputy Head of Mission of Syrian Embassy, Ali Muqeem during his visit to Islamabad Chambe of Commerce and Industry (ICCI). Syria was witnessing an influx of high profile private and public investment projects totalling $ 10.36 billion as the government races towards achieving its goals of 5 year development plan, he said adding the 5-year development plan emphasizes the need for the countrys public and private sectors to set up partnerships. He said that Syrian investment agency was looking after the investment issues including registration process and land acquisition. On the occasion, ICCI President, Mahfooz Elahi, stressed the need for easing visa process, adding that Syria should also encourage tourism in the country. He said that the volume of trade between Pakistan and Syria was very low as compared to the existing potential adding Pakistani companies could go in joint ventures in olive oil production and emphasized the need for enhancing people to people interactions. Mahfooz Elahi said that chambers of both countries can facilitate in enhancing trade through regular exchange of trade related information and developing a mechanism for enhancing trade and investment activities. He further stated that investors from SME to large scale companies from Pakistan can join hands with Syrian companies, adding that Syria should also identify the fields in which they look joining hands with Pakistani companies especially SMEs, he said. He said that Pakistan and Syria can also work together in many other sectors to exploit potential in those areas and stressed the need for exchange of business delegations to enhance the cooperation in the fields of mutual interest.

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