Abdul Wahed Abugila, Charge’d Affairs, Embassy of Libya visited Islamabad Chamber of Commerce & Industry and said a lot of construction projects were underway in Libya, which offered huge investment potential to foreign investors.
He invited Pakistani investors to explore investment opportunities in construction, infrastructure development including roads, bridges, buildings and other ongoing projects as Libya preferred Pakistani investors compared to other countries.
He said Libya was also interested in Pakistan’s cooperation in trade, industry, agriculture and other potential areas. He assured that he would request his government to consider giving land on lease to Pakistani investors that would help in improving agricultural productivity in Libya. He said Libya was also giving preference to Pakistani labor as they were playing crucial role in the economic development of Libya. Libyan Embassy was issuing 150-200 daily visas to Pakistanis as there was enough scope for Pakistani talent in Libya.
Abdul Wahed Abugila stressed for the need of frequent exchange of trade delegations, increased cooperation between trade bodies of two countries and activation of Pak-Libya Business Council to explore new areas of mutual cooperation and start a new chapter of good relations between the two countries.
Zafar Bakhtawari, president Islamabad Chamber of Commerce & Industry, said that being the brotherly Islamic countries, Pakistan and Libya enjoyed good historical relations. However, there was a need to transform them into flourishing trade, commerce and economic relations to achieve mutually beneficial results.
