News & Events
PM, Swiss president for expanding economic ties
Jan 19, 2017
DAVOS: Prime Minister Nawaz Sharif and Switzerland’s President Doris Leuthard on Wednesday stressed the need for exploring new avenues of cooperation and strengthening bilateral relations.
The two leaders made these observations during a meeting on the sidelines of the World Economic Forum’s annual meeting here.
The prime minister informed the Swiss president that Pakistan deeply valued its relations with Switzerland and looked forward to enhancing bilateral partnership in diverse areas.
Terming Switzerland a friend and an important trade and investment partner of Pakistan, he lauded the country’s objective, non-discriminatory and criteria-based approach on the issue of Nuclear Suppliers Group (NSG) membership.
“We hope that as part of the NSG troika, Switzerland would continue to maintain this principled stand, especially when it takes over the chair of the group later this year,” the prime minister said.
The Swiss president said her county’s stance on the issue of NSG was non-discriminatory and based on principles. Prime Minister Sharif said Pakistan wanted peaceful and amicable resolution of all outstanding issues with India.
He praised efforts of the Swiss-Asian Chamber of Commerce, Swiss Global Enterprise (SGE) and Swiss Business Council (SBC) for introducing Pakistan to the country’s business houses, especially small and medium enterprises.
He also thanked the Swiss government for offering postgraduate scholarships to students from Pakistan at various public universities. The Swiss president said that despite challenges faced by Pakistan, her government was happy to see fast progress made by the country in economy.
She said Swiss companies were willing to work in Pakistan and her government was also willing to join hydroelectric power projects.
Switzerland currently ranks fifth in terms of Foreign Direct Investment (FDI) in Pakistan. It has traditionally run a trade surplus with Pakistan and has been one of the country’s biggest direct investors for several years.
Many Swiss companies operate in Pakistan, some with their own production sites. These firms are mainly based in Karachi and employ around 12,000 people.
WEF chairman: The prime minister also held a meeting with WEF Chairman Klaus Schwab and briefed him on his economic agenda and vision for a progressive Pakistan.
Mr Schwab praised the progress of Pakistan on the economic front and also shared his feedback about the country after meeting various business leaders.
He informed the prime minister that the business leaders considered Pakistan a great investment destination.
He appreciated progress of Pakistan in the infrastructure sector and said the country was now ready to lead the regional connectivity initiative with Central Asia.
He said Pakistan was now attracting business groups from abroad, owing to improved security and improvement in the energy sectors.
During a meeting with Group Chief Executive Officer of Standard Chartered Bank Jose Vinals, Mr Sharif said Pakistan was now the new attractive destination for foreign investors and it offered security and attractive returns.
Mr Vinals said that profile of Pakistan had gone up significantly and added that its economic matrix was moving in the right direction.
Source : www.dawn.com/news/1309311/pm-swiss-president-for-expanding-economic-ties
PM in Switzerland for Davos meeting
Jan 17, 2017
ZURICH: Prime Minister Nawaz Sharif arrived here on Monday to participate in the 47th annual meeting of the World Economic Forum (WEF) which is aimed at fostering greater social inclusion and human development.
Accompanied by Ms Kulsoom Nawaz and Special Assistant Tariq Fatemi, the prime minister was received at the Zurich airport by Permanent Representative to the United Nations Mission to Geneva Tehmina Janjua and Swiss officials.
Mr Sharif is here on the invitation of WEF Executive Chairman Prof Klaus Schwab. He will present Pakistan’s case of economic success and business and investment opportunities, besides attracting foreign direct investment by inviting leading firms to invest in the country.
The theme for this year’s meeting is ‘Responsive and responsible leadership’, which will focus on critical leadership challenges for 2017 — revitalising the global economy, reforming capitalism and preparing for the fourth industrial revolution.
Around 3,000 leaders from governments, businesses and civil society will gather at the meeting from Jan 17 to 20 in Davos-Klosters.
The participants include one-third from outside Europe and North America, while one-third will be representing the society outside of business and government.
The prime minister will meet Prof Schwab. His meetings with the prime ministers of Sweden, Norway and Sri Lanka and Queen Maxima of the Netherlands are also expected.
He will meet the new UN Secretary General Antonio Guterres and Swiss President Doris Leuthard.
According to a statement issued by the Foreign Office, the prime minister will address about 60 business leaders on ‘Investing in Pakistan: the new reality’.
He will have a roundtable meeting to share with a select group of business leaders the significant economic changes taking place in the country and the immense investment and trade opportunities.
The WEF meeting will be opened by President Xi Jinping of China, who will be accompanied by the largest delegation of Chinese officials since the country first participated in the event 1979.
In keeping with the theme, over half of the programme’s 400 sessions will address strategies for fostering greater social inclusion and human development. Chief executive officers of over 1,000 companies will participate in the forum.
The co-chairs taking a principal role in shaping the discussion at the meeting are: Brian Moynihan, Chairman of the Board and Chief Executive Officer, Bank of America, (United States); Sharmeen Obaid Chinoy, documentary filmmaker, SOC Films (Pakistan); Helle Thorning-Schmidt, Chief Executive Officer, Save the Children International (United Kingdom); Frans van Houten, President and CEO, Royal Philips (The Netherlands); and Meg Whitman, President and Chief Executive Officer, Hewlett Packard Enterprise, (US).
Minister of State for Information Technology and Telecommunication Anusha Rahman Khan will also speak at the forum.
Minister of State for National Health Services Saira Afzal Tarar will speak on ‘Raising life expectancy and expectations’.
Source : www.dawn.com/news/1308858/pm-in-switzerland-for-davos-meeting
SWISS EMBASSY HOLDS DISCUSSION ON "CPEC" OPPORTUNITIES
Apr 19, 2016
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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/