LAHORE - The Punjab Board of Investment and Trade (PBIT) and Lahore Chamber of Commerce & Industry are organising a business conference on Wednesday (tomorrow) at a hotel here.

Chief Minister Punjab Mian Muhammad Shahbaz Sharif is participating as the chief guest. Other participants would include high-ups of 57 companies from China, local entrepreneurs/businessmen, policy makers, bankers, provincial secretaries and head of the various government departments.

Lahore Chamber of Commerce & Industry has stressed the need for holding events like investment conference on reciprocal basis to pave way for much-needed foreign investment in the country.

LCCI President Sheikh Muhammad Arshad, Senior Vice President Almas Hyder and Vice President Nasir Saeed said that such initiatives are need of the hour as these would pave way for much-needed foreign investment in the country.

They said that by encouraging foreign direct investment, Pakistan can gain technological advancement, knowledge and expertise from the global arena therefore every possible step should be taken to make this piece of land attractive for the foreign investors.

“Measures to encourage investment are especially important in the country as this is an area where we have long been at a disadvantage despite having all resources”, the LCCI office-bearers said.