Ambassadors of the member countries of the European Union based in Islamabad held a meeting with a delegation of the Pakistan Business Council on Monday in Islamabad. The agenda for the meeting included the creation of favorable conditions in the Country for promoting Foreign Direct Investment (FDI) as well as greater market access to the EU markets for Pakistani exports. Welcoming the PBC delegation, Mr. Adam Thomson the British High Commissioner to Pakistan spoke warmly about the relations which the EU member countries enjoy with Pakistan.
Speaking on the occasion the Chairman of the PBC, Mr. Sikander Mustafa Khan stated that despite all the difficulties that Pakistan was passing through, the Country was still a safe destination for FDI and offering returns comparable if not better than those available in other emerging markets. He further said that Pakistan’s investment regime was the most favorable in the region and did not like some regional competitors discriminate against foreign owned businesses. On the issue of the GSP Plus market access to the EU, Mr. Khan hoped that Pakistan’s application for grant of greater market access would be looked upon favorably by the EU.
During the subsequent exchange of views both sides agreed that in Pakistan’s case there were a number of low hanging fruit when it came to improving the business climate within the Country as well as greater trade promotion between Pakistan and the EU. The meeting ended on the note that both sides would lobby with the next government in Islamabad to promote Pak EU relations.
The PBC delegation besides Mr. Sikander Mustafa Khan included, Abdul Razak Dawood, Ali Habib, Asif Saad, Atif Aslam Bajwa, Bashir Ali Mohammad, Ehsan Malik, Hussain Dawood, Mian Muhammad Mansha, , Senator Osman Saifullah and the PBC CEO Kamran Y Mirza.