ISLAMABAD: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) chairman Qurban Ali on Wednesday urged to strengthen bilateral economic and trade relations between Pakistan and Sweden and increase business connectivity to business between the business communities of both parties.
The President of FPCCI also invited Swedish investors to join the large megaproject of China-Pakistan Economic Corridor (CPEC) and Special Economic Zones (SEZ) linked to CPEC in different regions of the country.
He was chairing a meeting with Swedish Ambassador to Pakistan Henrik Persson as well as business leaders including Capital House Coordinator, FPCCI Mirza Abdur Reham and others here at the FPCCI Capital office.
Quran Ali also proposed to the Ambassador to bring investments in the potential fields of hydropower, tourism, mining minerals, transport and housing to strengthen cooperation between the two countries.
The business leader said that the Gilgit Baltistan (GB) special economic zone (SEZ) linked to CPEC and others would increase trade and industrial cooperation between the business sector of Sweden and Pakistan.
He said Swedish investors and businessmen can invest and form joint ventures with local industrialists in Gilgit Baltistan, SEZ, in adding value in agriculture, livestock, mining, minerals and dairy products. .
He said the region of Great Britain is a gateway for CPEC to provide Swedish businessmen with opportunities to connect with China as well as regional countries, including the Central Asian Republics ( RCA), in order to take advantage of their savings.
While he said that in Gilgit Baltistan there is a huge potential of hydropower, which also supports any foreign investor for the cheap energy available for the industrial sector and provides secure business opportunities.
Qurban Ali also said that the region of Britain has enormous potential for tourism and farming as the region has the 8 largest mountains in the world, including all the raw materials for the industrial sector and agro-industries.
He said that Pakistan is now an emerging economy, including the big CPEC project would not only provide economic and trade integration to the South and Central Asian region, but also connect the future engine of growth Les Asian countries to potential markets of the European Union and other trade routes of the world.
He said that the deep-water port of Gwadar also offers a huge opportunity for the whole world, including EU countries and the Scandinavian region, to connect with the whole region through this port to achieve their economic goals and commercial.
Meanwhile, the Swedish side has also agreed to initiate investment and trade cooperation in these areas and has shown interest in cooperation in the fields of hydropower, tourism, mining and minerals, mining sector. housing, telecommunications sector, information technology, renewable energy, education, academia, business development and environmental protection. investments in these potential sectors.
While sharing his views, Swedish Ambassador to Pakistan Henrik Persson said Pakistan and Sweden have diplomatic, economic and trade relations as well as similarities in different areas of cooperation.
The ambassador said that Sweden and Pakistan have completed the 16 rounds of economic and trade consultations and have strengthened their cooperation with countries in the region through Pakistan.
He said the two sides discussed the full range of bilateral relations, including political, economic, trade, investment and education.
“We have proposed cooperation in government policies favorable to investment and highlighted opportunities in information technology, improved water and waste management, tourism and hospitality and hope that Swedish companies will benefit by investing in these sectors, he said.
The Swedish envoy accepted the proposal presented by the senior management of the FPCCI and said: âWe are committed to strengthening cooperation between the business community of both sides to increase economic and trade tiesâ.
The Ambassador also appreciated Pakistan’s improved ranking in the World Bank Ease of Doing Business (EODB) and said that “we would take this opportunity”.
In the future, business communities from both sides will have more opportunities to connect and start bilateral trade and investment negotiations, he said.
As the main business manager and coordinator of the FPCCI capital office, Mirza Abdul Rehaman briefs the ambassador on the functioning and structure of the FPCCI.
Former FPCCI Vice President Muhammad Ali Quaid, Hunza CCI President Mehboob Rabani, ICSTSI President Malik Zaheer, Mandi Mandi Bahauddin CCI President Haider Raza Naqvi, Vice President Mian Zahid Patiala, CE FPCCI Member Hassan Abbas, were also present at the meeting.