SCCI apprises Azeri investors of business opportunities in KP


PESHAWAR: The Sarhad Chamber of Commerce and Industry (SCCI) has organised the Khyber Pakhtunkhwa Investment Opportunities Conference (KPIOC) and SCCI Business Excellence Awards ceremony in Baku, Azerbaijan.

Khyber Pakhtunkhwa Assembly Speaker Mushtaq Ahmad Ghani, Information Minister Shaukat Ali Yousafzai and Ambassador of Pakistan to Azerbaijan Saeed Khan Mohmand participated as chief guests on the occasion.

During the five-day event, scheduled to conclude today (Sunday), a total of 16 companies were awarded gold medals in industrial, commercial, services, and retail sectors, while 10 firms were honoured with export trophy awards in KPIOC 2019 and Business Excellence Awards (BEA) 2017-18.

SCCI President Faiz Muhammad Faizi, former FPCCI president Ghazanfar Bilour, SCCI Senior Vice President Engr Saad Khan Zahid, Vice President Haris Mufti, KPIOC and BEA Chairman Zahidullah Shinwari, SCCI executive committee members, leading businessmen, importers and exporters took part in the mega event.

The chief guests on the occasion awarded gold medals to companies that demonstrated outstanding performance in industrial, commercial, services, construction and retail sectors. The recipients included Gadoon Textile Mills Limited, Associate Industries Limited, Wasay Laboratories Pvt Limited, UNISA Pharmaceuticals Industries Limited, Deans Industries, International Marketing Company, Al Imdad General Trading Company, Swat Agro Chemicals, Travel and More, City University of Science and Information Technology, Haris Mehmood Pvt Limited, Makka Agency, R-Sheen Fashion Paradise, AYS International, Toyota Khyber Motors, and Zahid Traders.

Similarly, Gadoon Textile Mills Limited, Cherat Cement Company Limited, Top Stars Industries Pvt Limited, Pedro Pharmaceuticals Labs Pvt Limited, Daudson Armoury Pvt Limited, Alpha Pipe Industries Pvt Limited, MMC General Hospital, Rakaposhi Pharmaceuticals Pvt Limited and Peshawar Model School were awarded with export trophies for displaying remarkable performance in industrial and commercial sectors during the year 2017-18.

Meanwhile, a memorandum of understanding (MoU) was signed between the SCCI and the Azerbaijan Chamber of Commerce and Industry. Both sides agreed to enhance the level of the existing trade and economic relations, besides strengthening business-to-business contacts and taking mutual benefits from each other’s experiences.

Speaking on the occasion, Faiz Muhammad invited the Azerbaijan businessmen to make investments in different sectors of KP. He also informed the audience about the industrial incentives being offered in the province.

He thanked the ACCI along with Azeri traders and businessmen for making the investment conference a success and hoped that the conference would open “a new chapter of cooperation in trade and investment with Azerbaijan”.

Zahidullah Shinwari, in his address, termed KPIOC 2019 as a milestone achievement of the SCCI, reiterating that the Azeri investors “must take full advantages of the business-friendly environment in KP”.

Mushtaq Ahmad Ghani and Shaukat Yousafzai praised the SCCI and the business community for arranging the mega investment event in Baku. They assured the governments of Pakistan and Khyber Pakhtunkhwa would fully facilitate the Azeri investors.

Mushtaq Ghani said the Pakistan was a peaceful country and a lucrative destination for foreign as well as local investors. He said both Pakistan and Azerbaijan were enjoying cordial economic and trade relations, which need to be strengthened further. He also highlighted the existing opportunities in the energy, tourism, textiles, mineral, pharmaceutical, honey and agriculture sectors of Pakistan.

On the sideline of the investment conference, a B2B meeting was also held between the business communities of Khyber Pakhtunkhwa and Azerbaijan, wherein the Azeri investors showed a keen interest to invest in KP.