‘Leading French enterprises keen to heavily invest in Pakistan’
ISLAMABAD: The world leading French enterprises from different sectors, mainly, information technology, energy, infrastructure and others are keen to heavily invest in Pakistan.
A delegation of Pakistan France Business Council expressed this interest on Tuesday, in a meeting with Federal Minister for Planning, Development and Reforms Ahsan Iqbal at Planning Commission in Islamabad.
French Ambassador to Pakistan Martine Dorance was leading the delegation.
Prof. Ahsan Iqbal welcomed the French businessmen and apprised them that China Pakistan Economic Corridor (CPEC) has created new and favorable opportunities for investment in different sectors.
He said that French companies should invest in Pakistan’s robust industrial sector and bring in new technologies.
“It will help to add value on different levels of production processes & increase production in general. Pakistan has a huge potential to generate quality exports if right & focused investments are made.
The minister highlighted different efforts undertaken by the government to promote export of Pakistani products.
He said that government had provided a favorable environment to attract foreign direct investment during the last four years. Moreover, CPEC has revitalized the export sector by promoting linkages and connectivity in the whole region, he added.
Ahsan Iqbal further said that government has introduced economic reforms coupled with peace and stability.
“Such efforts have resulted in cutting down 50 percent of our deficit and has helped the GDP to grow to 0.5 percent, while foreign reserves multiplied to the highest level and stock exchange has also constantly thrived,” he said.
He said the recent political and economic stability has restored the trust of foreign investors, attracting heavy investments from the leading business companies. “Entire world is expressing its interest to reap benefits of CPEC,” he added.
The federal minister said that the world has turned into a global village where changes in any part affect others. There is a strong need to initiate joint efforts for combating climate change, war against terrorism and other challenges, he added.
He said Pakistan has rendered huge sacrifices to combat war in this region. “Now we should jointly fight against terrorism and regional prejudices to promote economy as an alternative for bringing sustainability and peace in the world.”
President of Pakistan France Business Council Thierry Pflimlin said that economic reforms have resulted in increased investment opportunities in Pakistan.
He said that we are aware of the changes in region and commend Pakistan’s efforts in combating terrorism.
He further said that CPEC has enhanced business and investment opportunities in Pakistan for France and other European countries. Everyone wants to benefit from new business opportunities being offered under CPEC framework.
He further added that French companies are interested in investing in infrastructure, energy, agriculture, defense and digital technology sectors.
It is pertinent to mention that the French business delegation is visiting Islamabad and Karachi to explore future investment opportunities.