Islamabad, August 20, 2025 — A delegation of Pakistan Libya Holding Company Limited called on Hon. Syed Naveed Qamar, Chairman Standing Committee on Finance and Revenue, at Parliament House, Islamabad today. The delegation was led by Mr. Jehad Jamal El Barag, Director, and Mr. Tariq Mahmood, MD & CEO, along with other senior representatives.

The agenda of the meeting focused on:

1. Exploring opportunities for Libya’s investments in areas of mutual interest in Pakistan.

2. Discussing ways to attract investments from Pakistan into Libya.
 

Hon. Syed Naveed Qamar warmly welcomed the delegation and expressed gratitude for considering Pakistan as a promising destination for Libyan investments. He highlighted Pakistan’s potential not only in investment but also in expanding bilateral trade relations.

While addressing the delegation, Hon. Naveed Qamar identified key sectors with promising opportunities:

Information Technology (I.T) Sector: Pakistan has immense investment potential in the I.T sector owing to its large, young, and educated population with high internet penetration.

Agriculture Sector: As agriculture forms the backbone of Pakistan’s economy, the country has strong export potential in wheat, crops, and dairy products. Hon. Naveed Qamar pointed out that Pakistan’s milk production exceeds local consumption, creating exportable surpluses which Libya can benefit from.

Hon. Naveed Qamar further assured the delegation of Pakistan’s cooperation in efforts to reinstate PIA direct flights to Libya, which will enhance connectivity and strengthen bilateral economic and people-to-people ties. He reiterated Pakistan’s commitment to future engagements and collaborations aimed at boosting mutual economic growth, investments, and trade.

Both sides resolved to continue consultations and explore more avenues for economic uplift and shared prosperity.