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Pakistan seeks investment from French companies

ISLAMABAD: Board of Investment (BOI) on Wednesday asked France-based companies to invest in Pakistan to benefit from liberal and investment-friendly policies in the country.
Chairman BOI Naeem Zamindar said Pakistan with its 207 million strong consumer base, growing economy and skilled workforce offers an excellent opportunity to the French companies for investment. He invited them to benefit from Pakistan’s lucrative and liberal investment policies and assured them of government’s support and facilitation for their investments in Pakistan.
Zamindar, who is also minister of state, was leading a 17-member Pakistani business delegation to the Pakistan Investment Forum held in Paris, a statement said.
The forum jointly organised by Board of Investment, Embassy of Pakistan to France and Mouvement des Entreprises de France, was chaired by chairman BOI and Thierry Pflimlin, president of Pakistan-France Business Council.
Pflimlin, who is also the president of Total Global Services, appreciated government of Pakistan’s initiative to hold the investment forum. He recalled the visit of the French business delegation to Pakistan last year and noted that such interactions would strengthen the trade and investment relations between the two countries. Noting Pakistan’s impressive economic performance, he “urged France companies to invest in Pakistan,” according to the statement.
Moinul Haque, ambassador of Pakistan to France said Pakistan’s economy is going through a transformation with large scale infrastructure development and connectivity projects being undertaken under China-Pakistan Economic Corridor projects. “It is high time for French companies to explore Pakistan, which is fast becoming a regional hub for trade and business,” the statement quoted the envoy as saying.
Representatives of Punjab and Khyber Pakhtunkhwa’s investment boards gave presentations on business and investment opportunities in their provinces. A large number of major French companies including Renault, Total, Suez, GE, Gemalto, Vinci, Credit Agricole, Surys and Engie attended the event.
Later, the representatives of the Pakistan business delegation held business-to-business meetings with their French counterparts in diverse fields, such as infrastructure development, agri-products, energy, information technology, pharmaceuticals, security equipment and water management.
Source: The News