Sustainable Policies To Promote Investment In Pakistan: EU Ambassador
Sumaira FH Published December 07, 2023 | 04:40 PM
ISLAMABAD, (UrduPoint / Pakistan Point News - 7th Dec, 2023) Dr Riina Kionka, Ambassador and Head of the Delegation of the European Union to Pakistan said that Pakistan is a potential market for business and investment activities and it should focus on sustainable economic policies to attract more foreign investment.
Piotr BUSZTA, First Counsellor, Head of Political, Trade and Communication Section of EU to Pakistan was also present on the occasion.
She said that the EU supports Pakistan’s integration into the global economy by furthering bilateral trade, promoting direct investment, and supporting institution building.
She said that the EU also supports Pakistan’s ongoing economic reform agenda in consultation with the international financial institutions.
The EU is planning to expand its dialogue and cooperation with Pakistan in addressing its energy issues.
Speaking on the occasion, Ahsan Zafar Bakhtawari, President, Islamabad Chamber of Commerce and Industry said that the EU’s apparel import market was valued at over €191 billion in 2022 while Pakistan is a major exporter of apparel.
Faad Waheed, Senior Vice President ICCI said that the EU is the world’s largest trading bloc and Pakistan also wants to promote regional trade in South Asia. He said that the EU should share its experience with Pakistan in promoting a strong regional trading bloc in South Asia.
Zafar Bakhtawari, former President ICCI and Secretary General UBG Pakistan said that the EU countries should start direct flights with Pakistan to facilitate the promotion of bilateral trade and exports. He said that both sides should explore opportunities to expand and enhance existing trade agreements or negotiate new ones to boost economic ties.
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