News & Events
PBIT, SBC sign MoU
Mar 19, 2016
LAHORE: Swiss Business Council (SBC) and the Punjab Board of Trade and Investment (PBIT) on March 16 renewed memorandum of understanding for another period of two years.
PBIT Chairman Abdul Basit and SBC President Asif Ikram signed the agreement.
Deputy Head of Mission - Embassy of Switzerland in Islamabad, Roger Kull and Consul General of Switzerland in Karachi Emil Wyss were present among other prominent guests to witness the ceremony.
SBC Visits PBIT Headquarters
Mar 17, 2016
LAHORE: Swiss Business Council has visited the headquarters of Punjab Board of Investment and Trade (PBIT) to discuss the next steps aimed at increasing trade and cementing the bond by signing a memorandum of understanding.
The council is responsible for nearly all its investment in Pakistan. Switzerland currently ranks fifth in terms of foreign direct investment in Pakistan. SBC has 50 members, 25 of whom are from Pakistan and included distinguished organisations and companies such as the Abbott Laboratories Pakistan, Habib Bank, Habib Metropolitan Bank among many others is responsible for introducing Swiss companies to the Pakistani market. “Switzerland has been a reliable trading partner. The Swiss-based multinational companies have invested billions of dollars in Pakistan in various sectors including food processing, pharmaceuticals, chemicals, machinery, engineering and banking thus providing jobs for over 10,000 Pakistanis,” PBIT Chairman Abdul Basit said. “The board has recently helped the Swiss company - Sika Pakistan to acquire a land of 3.61 acres to set up its new factory in the Sunder Industrial Estate in Lahore, a fruit reaped out of our MoU signed in 2015,
initially for one-year,” he added.
Source : www.brecorder.com/business-and-economy/189:pakistan/26221:sbc-visits-pbit-headquarters/
SBC, PBIT to Increase Mutual Trade
Mar 16, 2016
LAHORE: The Swiss Business Council (SBC) and the Punjab Board of Investment and Trade (PBIT) on Wednesday signed a memorandum of understanding to go for next steps for increasing mutual trade and further solidify the bond between the two entities. PBIT Chairman Abdul Basit said Swiss based multinational companies had invested billions of dollars in Pakistan in various sectors including food processing, pharmaceuticals, chemicals, machinery,
engineering and banking thus providing over 10,000 jobs.
SBC President Asif Ikram said recently both countries had stepped up efforts to increase bilateral trade and investment.—Staff Reporter
Source : www.dawn.com/news/1246131
Pakistan-Switzerland Relations Hit All Time High
Mar 16, 2016
On Wednesday, March 16th 2016, the Swiss Business Council (SBC) visited the headquarters of the Punjab Board of Investment and Trade to discuss the next steps for increasing trade and to further solidify the bond between the two entities by signing a Memorandum of Understanding.
The Swiss Business Council is responsible for nearly all Swiss Investment in Pakistan. Switzerland currently ranks 5th in terms of foreign direct investment (FDI) in Pakistan. The SBC has 50 members, 25 of whom are from Pakistan and include distinguished organizations and companies such as Abbott Laboratories Pakistan, Habib Bank, Habib Metropolitan Bank among many others. The SBC is responsible for introducing Swiss companies to the Pakistani market; these companies include but are not limited to Swiss International Airlines, Mövenpick and Nestlé.
“Switzerland has been a reliable trading partner. Swiss based multinational companies have invested billions of dollars in Pakistan, in various sectors including food processing, pharmaceuticals, chemicals, machinery, engineering and banking thus providing jobs for over 10,000 Pakistanis”, said Mr. Abdul Basit, Chairman Punjab Board of Investment and Trade (PBIT).
“PBIT have recently facilitated M/s Sika Pakistan (A Swiss company), to acquire a land of 3.61 acres for establishment of their new factory in Sunder Industrial Estate, Lahore, a fruit reaped out of our MoU signed in 2015, initially for one-year” he added.
Speaking at the ceremony, Mr. Asif Ikram, President SBC said “Pakistan and Switzerland have always had cordial diplomatic relations. Diplomatic ties between the two countries go back to almost 60 years and there is even a road named after Pakistani scientist Dr. Abdus Salam in Geneva. Recently however, both countries have stepped up efforts to increase bilateral trade and investment between the two countries and countless measures have been taken to ensure that this step is successful.”
The meeting between PBIT and SBC was very successful. The SBC was very interested in the Pakistani market and thanked PBIT for their excellent support in their role as facilitators to the SBC. Prominent dignitaries including the SBC’s Patron in Chief, Mr. Roger Kull the deputy head of the Swiss Mission in Islamabad, the Patron Mr. Emil Wyss, the Swiss Consul General in Karachi and Chief Executive Officer, Sika Pakistan, Mr. Naveed Chaudhry were also present at the meeting.
Source : pbit.gop.pk/pakistan_switzerland_relations_hit_all_time_high
SBI joins hands with SBC to attract investment to Sindh
Mar 12, 2016
Sindh Board of Investment (SBI) has teamed up with Swiss Business Council (SBC) to attract investments to Sindh province. The Switzerland, sharing friendship with Pakistan for over six decades, ranks among top five countries, which have poured direct investments and has reliable trading relations with Pakistan.
According to the estimates, the Swiss-based multinationals have roughly invested over $1.2 billion in various sectors including food processing, pharmaceuticals, chemicals, machinery, engineering, etc. Now, the SBI has entered into an Memorandum of Understanding (MoU) with SBC with the aim to promote investment and trade in Sindh. The MoU signing ceremony was held at the Consulate of Switzerland in Karachi. Swiss Consul General in Karachi Emil Wyss and Chairperson SBI, Naheed Memon and other dignitaries also witnessed the event. SBC President Asif Ikram on behalf of the SBC and Iftikhar Ali Shallwani, Director General, on behalf of the SBI signed the MoU.
The agreement envisaged cooperation between the SBI and SBC in their endeavour to explore potential opportunities for alliance of public private partnership by developing linkages between the potential investors from Sindh, Pakistan and Switzerland. The SBI will establish Pak-Swiss Facilitation Desk (PSFD) at its office. PSFD will carry out activities inter alia facilitate Swiss companies, look after matters of trade and investment between Sindh, Pakistan and Switzerland and other ancillary functions.
The parties will designate one or more focal persons to act as one window to ensure smooth interaction and disbursement of useful information in furtherance of achieving objectives. The parties will team up and take appropriate initiatives to promote the vibrant image of Pakistan in Switzerland. SBI may provide facilitation and act to resolve the issues of Swiss companies based in Sindh, in accordance with the laws, rules and regulations.
SBC will support SBI to attract Swiss investment in Sindh by promoting potential business and investment opportunities in Sindh. The parties will jointly arrange / hold relevant investment/trade conferences and seminars for furthering their goals both domestically and internationally. The SBI will be facilitating the delegations through SBC while their visit to Sindh for exploring the possibilities of investment opportunities in different sectors of the economy of Sindh and the SBC will accord the same reciprocally to SBI.
Source : www.brecorder.com/business-and-economy/189:pakistan/24858:sbi-joins-hands-with-sbc-to-attract-investment-to-sindh/