EU Ambassador Dr Riina Kionka known as on Minister for Finance and Income Senator Muhammad Aurangzeb on Friday to debate methods to reinforce enterprise and funding ties between the European Union and Pakistan.
Through the assembly, they explored alternatives for European companies in Pakistan, emphasising the necessity for an enabling funding local weather. Kionka famous that the EU had mapped over 300 European firms working in Pakistan, with many extra believed to be current.
She invited the minister to a enterprise and funding discussion board the EU Mission in Pakistan plans to host in Islamabad in mid-Might 2025. The discussion board goals to foster collaboration and appeal to European enterprise funding. She highlighted that European firms more and more view Pakistan as a possible enterprise hub.
Senator Aurangzeb welcomed the initiative and guaranteed his full assist. He expressed his intention to attend the occasion, reaffirming the federal government's dedication to facilitating EU companies, together with making certain the well timed repatriation of dividends and earnings.
He additionally endorsed making a proactive enterprise platform for European firms, citing his latest engagement with French and Dutch companies in Pakistan. The minister appreciated the EU's assist, significantly the Generalised Scheme of Preferences Plus (GSP Plus), essential for Pakistan's export progress.