American businessmen intend to enhance productive activities in Pakistan: Gregory John

FAISALABAD, Oct 26 (APP):Head of the Business Delegation from USA Mr. Gregory John said that American

businessmen intend to enhance productive activities in Pakistan through investment,

mechanization and automation in brick, agriculture and other sectors of the economy.

During his visit to Faisalabad Chamber of Commerce & Industry (FCCI), he said the

delegation was aspiring to exploit emerging opportunities in Pakistan and the ultimate

objective of his visit to Faisalabad was to discuss and share ideas with local entrepreneurs.

He said: “We can launch pilot projects to enhance production in order to attain sustainable

growth”. He appreciated the role of Ayub Agricultural Research Institute (AARI) and

said that its 700 agriculture related inventions and technologies could be commercialized,

however he could also explore other sectors for profitable investment.

Mr. Kevin Wayne Stark said that there was a direct link between profit and employees.

“The companies caring for their employees could earn 33% more profit”, he said and

added that its 56% employees were loyal to their companies because of their good

behavior.

Earlier, President FCCI Arif Ehsan Malik welcomed the delegation and said that bilateral

trade between Pakistan and America was $11.5bn while the trade balance was in favor

of Pakistan.

He said the volume of bilateral trade could be further enhanced through American investment

and technology transfer.

He also stressed the need for modernizing the brick industry in addition to the value addition

of agriculture produce. He said that Faisalabad was an important center of textile and weaving.

“We intend to enhance the production of power looms by switching over from traditional to air

jet and water jet looms”, he said and added that American investors could set up a modern

loom manufacturing unit in Faisalabad.

He said that Faisalabad was moving toward a digital economy which could play a major role

in its development. He said that FCCI was ready to cooperate and collaborate with American

businessmen and he would appreciate their repeated visit to this city.

Maqsood Ali, a Pakistani expatriate said that Faisalabad was safe for FDI and we need

to dispel negative impressions prevailing among foreign investors.

Chaudhry Muhammad Nawaz, Shabbir Hussain Chawala, Muhammad Azhar Chaudhry,

Hunain Hamid, Faisal Naeem Paracha and Muhammad Taimoor Sharif took part in the

question-answer session while Senior Vice President FCCI Mian Muhammad Saeed offered

vote of thanks.

Later, President Arif Ehsan Malik presented FCCI shields to the members of the USA business

delegation.

Mr. Fred Burckbuchler, Mr. Jeffrey T. Troike, Dr. Rubina Feroz Bhatti, Muhammad Akhtar Iqbal,

Vice President FCCI Mr. Muhammad Yasin, Muzammil Sultan, Umer Farooq Khaloon, Sheikh

Muhammad Fazil, Muhammad Asif, Muhammad Yousaf and Imran Latif were also present during

the meeting.