Ambassador of Nepal Sewa Lamsal Adhikari has invited Pakistani businessmen to participate in the 'Investment Summit' being held at Nepal in March to explore untapped business opportunities there. Speaking at the Lahore Chamber of Commerce & Industry (LCCI) on Wednesday, Sewa Lamsal Adhikari said: "Nepal is a virgin land for investors and there exist a lot of investment opportunities for Pakistani investors. Now is the right time for Pakistani businessmen to invest in the fields of infrastructure, agriculture, sports, specifically in hydropower sector.

She also said that work on Free Trade Agreement (FTA) between Nepal and Pakistan is well on the way. She added that lack of direct flight between the two countries and long route through India is coming in the way of two-way trade expansion. The ambassador said that 60 years of relations between Nepal and Pakistan are being completed on 20th of March and Nepal has planned to celebrate this event.

LCCI President Almas Hyder assured his full support for the promotion of cultural and trade ties between the two countries. Inviting Nepal to organize a cultural event, he said that Nepal Food Festival or Nepal Nights in Lahore would bring closer the people of two countries. He said there must be people-to-people contract of both sides to come closer to each other.

Almas Hyder said SEFTA is a good channel of trade, adding that the Lahore Chamber of Commerce is ready to provide any kind of assistance to the businessmen from Nepal. LCCI President Senior Vice President Khawaja Shahzad Nasir, Vice President Faheem-ur-Rehman Saigal and Executive Committee Members were present on the occasion.

Copyright Business Recorder, 2019