BY M QADEER
Interview with Mian Abuzar Shad, President of the Lahore Chamber of Commerce and Industry
Q1: Mian Abuzar Shad, how do you see the upcoming Shanghai Conference for Pakistan’s economy?
Mian Abuzar Shad: The Shanghai Conference is a major milestone for Pakistan’s economic landscape. It’s not just an international event; it’s a unique opportunity for Pakistan to put its potential on a global platform. The conference allows us to engage with international investors, particularly from China, and highlights our openness to new investment opportunities. This event is an opportunity to demonstrate that Pakistan is ready for business and foster deeper trade relationships.
Q2: In what ways do you think the Shanghai Conference will affect Pakistan’s trade relations with China and other partners?
Mian Abuzar Shad: The Shanghai Conference can serve as a catalyst for empowering our trade relations with China, which has been a key economic partner for Pakistan. Beyond China, the conference will bring together a diverse group of international investors and companies. The conference opens the door for deeper bilateral and multilateral engagements, facilitating trade agreements and joint ventures. It’s about portraying a positive image of Pakistan as a center for investment and growth.
Q3: What role do you see for the Pakistani business community in this event?
Mian Abuzar Shad: The business community has a pivotal role to play in making the most of the Shanghai Conference. Our entrepreneurs, exporters, and industrialists need to be proactive, engaging in dialogues with international delegates and showcasing Pakistan’s strengths in various sectors like textiles, agriculture, IT, and renewable energy.
Q4: How does LCCI see the Shanghai Conference can contribute to attracting foreign direct investment (FDI) into Pakistan?
Mian Abuzar Shad: Foreign direct investment is crucial for Pakistan’s economic stability and growth, and the Shanghai Conference is an ideal platform for this. By hosting Chinese investors and other international participants, we can demonstrate Pakistan’s resilience, adaptability, and readiness for investment. It’s a rear chance to show that we are serious about reforms and fostering a business-friendly environment.
Q5: What sectors do you believe hold the most potential for growth through the Shanghai Conference?
Mian Abuzar Shad: Several sectors can benefit greatly from the opportunities at the Shanghai Conference. Textiles, of course, remain a backbone of our economy, and there is immense potential for further investments in this sector. Additionally, agriculture, information technology, and renewable energy offer significant chance for growth. The world is looking towards sustainability, and Pakistan is no different.
Q6: How do you think Pakistan can ensure the long-term economic achievements from this event?
Mian Abuzar Shad: Long-term gains will depend on how well we follow up on the connections and partnerships established at the conference. It’s crucial for our business community to remain engaged with potential investors, maintain the dialogues initiated during the event, and actively pursue joint ventures and agreements. The government also has a role in ensuring a conducive environment for investors, including transparency, ease of doing business, and policy stability.
Q7: What is your message to the global investors attending the Shanghai Conference?
Mian Abuzar Shad: To global investors, I would say Pakistan is a country full of opportunities. We have a unique and resilient business environment, ready to adapt to new challenges and innovations. By choosing to invest in Pakistan, you will not just be investing in a market but partnering with a country that values progress, innovation, and mutual growth.
Q8: Lastly, how does hosting such a prestigious event reflect on Pakistan’s image in the global economic arena?
Mian Abuzar Shad: Hosting the Shanghai Conference is a matter of national pride. It underscores Pakistan’s growing importance in the global economic arena and reflects our commitment to fostering international trade and investment. The conference gives us a platform to change perceptions, showcase our economic potential, and highlight the strides we are making towards becoming a key player in the region. It’s a clear signal that Pakistan is open for business, and we are eager to welcome partners from around the globe.
Q9: What advice do you have for Pakistan’s business community in preparation for the Shanghai Conference?
Mian Abuzar Shad: My advice is simple: be proactive, be prepared, and be open to new ideas. This is a unique opportunity to showcase what Pakistan has to offer, so we must ensure that we present our best face forward. Whether it’s in manufacturing, IT, renewable energy, or agriculture, our businesses should be ready to engage in meaningful dialogues, explore joint ventures, and tap into new markets.
