Irish Investment Delegation Visits Pakistan to Explore Opportunities

KARACHI - A nine-member investment delegation from the Republic of Ireland, led by Asim Sattar, CEO of X-World Consultants (Pvt) Ltd., is currently visiting Pakistan from November 4, 2024. This visit is a significant event, organized through the Embassy of Pakistan in Ireland, in collaboration with the Special Investment Facilitation Council (SIFC), the Trade Development Authority of Pakistan (TDAP), and the Commercial Section in Manchester. The aim of this delegation is to explore investment opportunities in Pakistan, which is increasingly being recognized as a promising destination for foreign investors.

During their visit, the delegation first held meetings in Islamabad with key government bodies, including the Ministry of Commerce (MoC), the Ministry of Industries (MoI), the Board of Investment (BoI), and SIFC. These meetings were crucial for understanding the investment landscape in Pakistan and the various sectors that are ripe for development. Following their time in Islamabad, the delegation traveled to Karachi on November 7 and 8, where they engaged with officials from the Sindh Board of Investment, the Federation of Pakistan Chambers of Commerce & Industry (FPCCI), Fauji Meat, and TDAP.

The TDAP has been instrumental in facilitating this visit, providing full support and coordination to ensure that the delegation's meetings are productive. Asim Sattar expressed gratitude to Secretary TDAP, Sheryar Taj, for the assistance provided to the visiting delegates. The delegation has shown a keen interest in investing approximately €200 million across various sectors, including animal casing, meat production, e-bikes, solar renewables, and fintech. This diverse range of interests highlights the potential for growth in multiple industries within Pakistan.

In Karachi, Secretary TDAP, Sheryar Taj, along with a dedicated team of TDAP officers, briefed the delegation on the numerous business opportunities available in Pakistan. They emphasized the role of TDAP in promoting trade and investment, showcasing the agency's commitment to fostering a conducive environment for international investors. The discussions indicated that this visit is just the beginning, with further visits planned in the near future to solidify these budding relationships.

This visit marks a significant step towards strengthening economic ties between Pakistan and Ireland. It showcases Pakistan as a viable and attractive destination for investment in high-growth sectors. The ongoing collaboration between the two countries could lead to enhanced economic development, job creation, and technological advancements in Pakistan.

The visit of the Irish delegation is not just about immediate investments; it represents a broader vision of partnership and cooperation. As Pakistan continues to open its doors to international investors, it is essential for the country to maintain a welcoming environment that encourages foreign investment. This will not only benefit the economy but also pave the way for sustainable development and innovation in various sectors.