Libyan Envoy Invites Pakistanis to Invest

The head of Libya's diplomatic mission to Pakistan, Abdul Wahed Abugila, has asked the business community in the country to invest in construction projects in Libya.

Addressing the Islamabad Chamber of Commerce and Industry (ICCI) on Saturday, he invited Pakistani investors to explore investment opportunities in development projects such as roads, bridges, and buildings.

According to the report from Express Tribune, the Chargé d’Affaires said that Libya prefers Pakistani investors compared to other countries”.

He assured the audience that he will ask the Libyan government to consider leasing land to investors from Pakistan particularly to help improve agricultural productivity in Libya.

Libya also gave preference to Pakistani labour as they played a crucial role in Libya’s economic development. The Libyan Embassy was issuing 150-200 visas daily to Pakistanis as there was enough scope for labourers in Libya.

ICCI President Zafar Bakhtawari said that Pakistan and Libya enjoyed good historical relations, but that there was a need to transform the diplomatic relations into more meaningful ties by boosting trade, commerce and economic interactions.

ICCI will soon activate the Pakistan-Libya Business Council, he added.

(Source: The Express Tribune)

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