The current ambassador of the EU to Pakistan, Ms. Androulla Kaminara, said, addressing the business community in Faisalabad Chamber of Commerce & Industry (FCCI), that the European Union investors are contemplating setting up hi-tech industrial units in Pakistan with technology transfer, but they want more “Ease of Doing Business” following international standards.
The ambassador acknowledged the practical and innovative approach of Pakistan during the Covid crisis. She said that Pakistan tactfully handled this critical situation, and as a result of it, Pakistan gained much-needed economic activities despite the recession at the global level. She said that with enhanced production activities, the Pakistani industrial sector is working round the clock with full installed capacity. Now it needs a more skilled workforce to fulfill its foreign commitments well in time. She said that the EU provided a special grant to Pakistan, enabling it to equipment its human resource with the best possible technical skills.
Hafiz Ihtasham Javed, President FCCI, said that Pakistan is still importing 80% of textile machinery from the EU. However, now it should explore the opportunity to manufacture this machinery in Pakistan. He also explained in detail the facilities provided in M3 industrial estate to the new and potential investors for domestic and other countries. He hoped that the EU ambassador would also play her proactive role in arranging a zoom meeting of EU investors with Pakistani industrialists to finalize viable joint ventures.
