EU envoy calls on FinMin
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EU Ambassador Dr Riina Kionka called on Minister for Finance and Revenue Senator Muhammad Aurangzeb on Friday to discuss ways to enhance business and investment ties between the European Union and Pakistan.
During the meeting, they explored opportunities for European businesses in Pakistan, emphasising the need for an enabling investment climate. Kionka noted that the EU had mapped over 300 European companies operating in Pakistan, with many more believed to be present.
She invited the minister to a business and investment forum the EU Mission in Pakistan plans to host in Islamabad in mid-May 2025. The forum aims to foster collaboration and attract European business investment. She highlighted that European companies increasingly view Pakistan as a potential business hub.
Senator Aurangzeb welcomed the initiative and assured his full support. He expressed his intention to attend the event, reaffirming the government's commitment to facilitating EU businesses, including ensuring the timely repatriation of dividends and profits.
He also endorsed creating a proactive business platform for European companies, citing his recent engagement with French and Dutch firms in Pakistan. The minister appreciated the EU's support, particularly the Generalised Scheme of Preferences Plus (GSP Plus), crucial for Pakistan's export growth.
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