Islamabad, October 15, 2012 (PPI-OT): The Canadian-Pakistan Chamber of Commerce is leading a mining delegation to Pakistan, and today it held a meeting with the officials of Board of Investment, which was chaired by the Secretary BOI, Mr. Anjum Bashir. The CPCoC is a non-profit organization and its main agenda is to promote bilateral investment and trade between Pakistan and Canada.
The main focus of the delegation is to explore the mining sector of Pakistan and for that matter; they were briefed on Pakistan’s mining industry and modernization of Pakistan’s mining and investment laws and regulations.
It was mentioned to the delegation that Pakistan is a preferred investment destination, as it is fast becoming Asia’s trade, energy and transport corridor. It was further informed that Pakistan has the 5th largest coal mines and 7th largest copper mine, so it had huge investment potential in mining.
The FDI from Canada to Pakistan in the year 2011-12 remains $0.82 million only, which was regretted by both sides and it was pledged that this figure should be increased by strengthening the trade and investment ties of both the countries. It is important to mention here that Canada $1.3 trillion economy with GDP per capita of $39,600; however, so far there is no significant investment from Canada to Pakistan.
For more information, contact:
Haji Ahmed Malik
Principal Information Officer
Press Information Department (PID)
Tel: +9251 925 2323 and +9251 925 2324
Fax: +9251 925 2325 and +9251 925 2326