Business

Sweden invited to invest in CPEC, special economic zones in Pakistan

Pakistan and Sweden

FPCCI has pressed for an increase in bilateral economic and trade relations between Pakistan and Sweden, it also called for an increase in the business to business connectivity among the business communities of both sides.

On Wednesday, Chairman Qurban Ali, Federation of Pakistan Chambers and Commerce and Industry (FPCCI) called for increasing the bilateral economic and trade relation between Pakistan and Sweden. Mr. Qurban also invited Swedish investors so that they could avail the opportunity to join the grand mega project of China Pakistan Economic Corridor (CPEC) and CPEC related Special Economic Zones (SEZs) in different regions of Pakistan.

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The meeting was presided by Chairman Qurban Ali while Ambassador of Sweden to Pakistan Henrik Persson along with senior business leaders including Coordinator Capital House, FPCCI Mirza Abdur Reham and others FPCCI Capital Office were present.

Moreover, the Chairman proposed to the Ambassador in the meeting that can bring investment in the potential areas of Hydal Power, Tourism, Mines minerals, Transport and Housing sector to enhance the cooperation between both of the countries.

Whereas, one of the business leaders said that CPEC related Gilgit Baltistan (GB) Special economic Zone (SEZ) and others would increase the business and industrial cooperation between the business sector of Sweden and Pakistan.

He added that Swedish investors and businessmen can invest and start Joint Projects with local industrialists in Gilgit Baltistan, SEZ in value addition on agriculture, livestock, mines and minerals and milk products.

The Chairman of FPCCI also said that the GB region has a huge prospect of tourism and livestock as the region has the eight biggest mountains of the world that includes any raw material for the Industrial sector and agro-industries. He added by saying that the country is now an emerging economy.

Meanwhile, Sweden showed interest to start investment and business cooperation in these areas and also expressed interest in cooperation in hydel power, tourism, mines and minerals, housing sector, telecom sector, information technology, renewable energy, education, academia, business development for the investment in these potential sectors.

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