ISLAMABAD, March 14: EU Mission in Pakistan with over 300 EU companies working in Pakistan is organizing an investment forum and seminar to explore more ways of investment opportunities.
Today (Friday, March 14), Senator Muhammad Aurangzeb, the Federal Minister for Finance and Revenue, met with Dr. Riina Kionka, the Ambassador of the European Union to Pakistan, who visited the Finance Division.
Dr. Kionka mentioned that the EU had already identified over 300 European companies operating in Pakistan, with indications that the actual number might be even higher.
Ambassador Kionka extended an invitation to Senator Aurangzeb to participate in a business and investment forum that the EU Mission in Pakistan will organize in Islamabad in mid-May 2025.
The forum will serve as a platform to promote collaboration and explore ways Pakistan can continue to draw European business investments.
Dr. Kionka highlighted that European companies are increasingly recognizing Pakistan as a potential business hub, especially in anticipation of the upcoming forum.
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The meeting addressed a wide range of topics of mutual interest, with a primary focus on strengthening economic and investment relations between Pakistan and the European Union (EU).
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During the discussions, both Senator Aurangzeb and Ambassador Kionka explored the potential for European businesses in Pakistan.
They emphasized the importance of creating a favorable investment climate to attract further business expansion.
Senator Aurangzeb expressed gratitude for Dr. Kionka’s efforts in arranging the forum and assured her of his full support.
He affirmed his intention to attend and deliver a speech at the event, emphasizing the Pakistani government’s commitment to supporting EU businesses and ensuring smooth operations, including the timely repatriation of profits and dividends.
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The Minister also welcomed the idea of establishing a unified and proactive business platform for European companies in Pakistan, citing his positive interactions with French and Dutch companies recently operating in the country.
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Additionally, Senator Aurangzeb acknowledged the EU’s support for Pakistan, particularly through the Generalized Scheme of Preferences Plus (GSP Plus) facility, which has played a crucial role in promoting Pakistan’s export-led growth.
He also stressed the importance of a more active approach in engaging European capitals, particularly on key matters such as the continuation of the GSP Plus arrangement. This is vital for Pakistan’s trade relations with the EU in the years ahead.
In conclusion, both leaders reiterated their shared commitment to enhancing the economic and trade relationship between Pakistan and the European Union. It is also fostering a business-friendly environment that benefits both sides.
