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  • Swiss government, firms evince interest in CPEC projects
    Apr 28, 2017

    KARACHI: Recognising the importance of China-Pakistan Economic Corridor (CPEC) for the economic and social development of Pakistan and the regions, the Consulate General of Switzerland in Karachi and the Swiss Business Council of Pakistan (SBC) organised an interactive session to discuss "Opportunities for Foreign Investors in CPEC," here on Thursday.

    Welcoming the guests, the Swiss Consul General Philippe Crevoisier mentioned that the Embassy of Switzerland arranged a similar event last month in Islamabad, as well. He was of the opinion that many foreign investors initially considered that CPEC is mainly a China-Pakistan venture. However as the project has advanced, many new business opportunities are coming up for other countries to join CPEC project.

    In his opening presentation the President SBC Farhat Ali highlighted that CPEC is all about connectivity, thereby, opening up and aligning the whole of Pakistan, notably, the remote areas into the mainstream economic growth of the country. He said that CPEC is all about the availability of much-needed energy to spur the economic growth of the country.

    "Over 32 Special Economic Zones being established under CPEC are meant to spur industrial and commercial growth under government support and incentives in favour of ease and cost of doing business," he said, adding that all these good happening, on the soil of Pakistan, are the assets of the country open to be capitalised upon by the local and foreign investors from all countries.

    He said it is encouraging to note that the Swiss Companies' operatives in Pakistan are already availing the benefit drawn out of CPEC and others are on the way to do so. Considering potential of CPEC, SBC, in collaboration with Switzerland Global Enterprise and other Chambers of Commerce of Switzerland, is all set to hold a series of events under the title of 'Focus Pakistan' in Switzerland during first week of July 2017.

    Chief Executive Officer of Khyber Pakhtunkhwa Economic Zones Development and Management Company Syed Muhammad Mohsin and Director Projects of the Sindh Board of Investment Abdul Azeem Uqaili, who spoke at the event, emphasised that under CPEC project their provincial governments are proactively facilitating existing and new investors to set themselves up in the Special Economic Zones being set up all over the country along the proximity of corridor route alignment. The Consul General of China also spoke and highlighted the importance of the CPEC. A large number of diplomats, CEOs of various Swiss and other multinational companies, leading Pakistani businessmen and others attended the programme.

    Source : fp.brecorder.com/2017/04/20170428173487/




  • OPPORTUNITIES IN CPEC HIGHLIGHTED FOR FOREIGN INVESTMENT
    Apr 27, 2017

    KARACHI: Recognizing the importance of China-Pakistan Economic Corridor (CPEC) for the economic and social development of Pakistan and the region, the Consulate General of Switzerland in Karachi and the Swiss Business Council of Pakistan (SBC) organized an interactive session on 27 April 2017 to discuss “Opportunities for Foreign Investors in CPEC”.
     
    Welcoming the guests present among which were several diplomats, Chief Executive Officers of various multinationals including Swiss companies, leading Pakistani businessmen, and media representatives, the Consul General - Mr. Philippe Crevoisier mentioned that the Embassy of Switzerland arranged a similar event last month in Islamabad. Mr. Crevoisier was of the opinion that many foreign investors initially considered that CPEC is mainly a China-Pakistan venture. However as the project has advanced, many new business opportunities are coming up for other countries to be part of CPEC.
     
    In his opening presentation the President of SBC - Mr. Farhat Ali highlighted that CPEC for Pakistan is all about connectivity, thereby, opening up and aligning the whole of the country, notably, the remote areas of Pakistan into the mainstream economic growth of the country, CPEC is all about the availability of much needed energy to spur the economic growth of the country, the over 32 Special Economic Zones being established under CPEC are meant to spur industrial and commercial growth supported by the government providing incentives in favor of ease and cost of doing business. All these goods happening, on the soil of Pakistan, are the assets of the country open to be capitalized upon by the local and foreign investors from all countries. It is encouraging to note that the Swiss Companies operative in Pakistan are already availing the benefit drawn out of CPEC and others are on the way to do so. Mr. Ali also said that “Considering potential of CPEC SBC - in collaboration with Switzerland Global Enterprise (S-GE) and other Chambers of Commerce of Switzerland - is all set to hold a series of events under the title of ‘Focus Pakistan’ in Switzerland during first week of July 2017.”
     
    Chief Executive Officer of KPK Economic Zones Development & Management Company - Mr. Syed Muhammad Mohsin and Director Projects of the Sindh Board of Investment - Mr. Abdul Azeem Uqaili, who spoke at the event, emphasized that under CPEC project their provincial governments are proactively facilitating existing and new foreign investors to set themselves up in the Special Economic Zone (SEZ)s being set up all over the country along the proximity of corridor route alignment. Consul General of China - Mr. Wang Yu also spoke on the occasion.




  • European investors must take advantage of CPEC: Swiss envoy
    Mar 29, 2017

    RECORDER REPORT
     
    ISLAMABAD: The China-Pakistan Economic Corridor (CPEC) offers huge investment opportunities and European investors need to take advantage from opportunities and make investment in the game changer project.
     
    Speaking at a media briefing here on Tuesday, Swiss Ambassador to Pakistan Marc P George and President of Swiss Business Council Farhat Ali stated that the European investors must grab this opportunity. They said that the perception that this is a Pakistan-specific project has now started changing with foreign investors are viewing it beyond Pak-Chain and Regional project as it would provide connectivity to Europe.
     
    The Swiss ambassador said that he is a great advocate of Pakistan in his country as well as among European diplomats. He said this is good time to start discussing the project and how the Europe can benefit from it.
     
    Farhat Ali said that there are opportunities to European investors in energy, oil and gas as well as in construction, pharmaceutical and other sectors. He said that all fields are open for European investors. He said that CPEC would prepare Pakistan for economic betterment and despite security concerns, foreign investors, especially from European countries, are ready to invest in the CPEC.


     
    He maintained that there is considerable improvement in security perception and Swiss Business Council has been able to bring six small and medium enterprises (SMEs) from Switzerland to Pakistan and will bring six more in 2017. He said that China-Pakistan Economic Corridor (CPEC) will usher in economic and social development of Pakistan and the region.
     
    Farhat Ali further stated that European companies put together are the largest foreign direct investors in Pakistan, and for mutual benefits, there is a need for them to take advantage from this project. He stated, “It is a positive development that foreign investors are once again looking at Pakistan with interest.”
     
    He added that Swiss Business Council with the support of its partner, Switzerland Global Enterprise (SGE), has decided to take up the initiative and has successfully linked many Swiss and Pakistani small & medium enterprises through investments in joint ventures, technology transfer and business representation. Encouraged with this positive development in 2016, SBC & SGE have marked 2017 as the year to maximise Swiss companies’ footprints in Pakistan and vice versa, he added.
     
    The CPEC offers opportunities in infrastructure and energy projects in the 29 special economic zones being set up all over Pakistan. These SEZs provide opportunities of investment in industrial and commercial activities as well as supplies, contracting and services in power sector, oil and gas, mines and minerals, large industry, small and medium industry, healthcare sector, education, banking, hospitality industry, engineering, consultancy and construction services and others.

    Source : epaper.brecorder.com/2017/03/29/3-page/861308-news.html




  • Pact With Switzerland On double taxation
    Mar 22, 2017

    Source : e.dawn.com/2017/03/22/stories/22_03_2017_010_009.jpg




  • Great scope for better trade with Switzerland: CG
    Feb 09, 2017

    KARACHI: The Consul General of Switzerland in Karachi, Mr Philippe Crevoisier, has said that the investment and trade figures between the two countries were encouraging but were still low. This needed to be improved but this is not going to be an easy task.

    Speaking at a meeting the Karachi Chamber of Commerce and Industry (KCCI), he said that although the potential for more trade exists, efforts must be made to improve the image of Pakistan in order in Switzerland to transform this situation into success.

    “In order to attract more Swiss business and investment in Karachi, we will have to concentrate on improving the perception about the security situation of Karachi and the overall image of Pakistan, which is of big importance,” he said.

    Philippe Crevoisier pointed out that Switzerland has been in Pakistan since its independence and many Swiss companies were successfully doing business here in Karachi. “We are being represented not only in Islamabad but also in Karachi which is a very good sign as many European countries were not present here. This clearly indicates that we actually see the potential and I am trying to understand how to transform this potential into a success story,” he added.

    Philippe Crevoisier said that Switzerland’s industry consists of 80 percent SMEs which were well-organized to quickly react to numerous markets and they were looking forward to enhancing their exports to new markets. But Pakistan was not on the priority list of these companies mainly due to the negative perception it conveys.

    He was convinced that the overall security situation was much better, compared what it used to be. Its improvement in the last few years was likely to encourage many Swiss companies to get into this market and look for opportunities.

    He said that Karachi has a huge potential for Swiss companies, and it is a good sign that many businessmen from Karachi were eager to do business with Switzerland.

    KCCI president Shamim Ahmed Firpo said that Karachi, which is the economic and financial hub of Pakistan, offers profitable investment opportunities and added facilities for investment and joint ventures to Swiss Investors.

    This city, which contributes more than 65 percent revenue to the national exchequer, is an attractive place for Swiss SMEs, which can earn maximum profits by exploring opportunities in Karachi.

    Commenting on Pakistan-Switzerland relations, he said the two countries have always enjoyed cordial, friendly and multi-faceted ties. It is heartening to note that Switzerland is ranked fifth in terms of foreign direct investment in Pakistan and was a reliable trading partner.

    He said that many Swiss companies operating in Pakistan are engaged in sectors including energy, chemicals, pharmaceuticals, agricultural solutions, catering, cigarette manufacturing, food, telecommunication, quality testing, machinery and construction material. The business community warmly welcomes this but many other important sectors also offer lucrative opportunities, and exploring opportunities in these sectors should be considered by Swiss companies.

    He noted that during FY2015-16, Pakistan exported goods worth $65 million to Switzerland, as against exports of $94 million during the same period in the preceding year, showing a decline of 31 percent, which needs attention. Imports from Switzerland increased by 13.5 percent, compared to $736 million, compared to $648 million a year earlier. The trade balance is therefore heavily tilted in favour of Switzerland, he added.

    He was of the view that potential exists for Swiss businessmen to invest in Pakistan on 100 percent equity basis or as joint ventures with local industries. Pakistan can greatly benefit from Swiss expertise in energy, mining and agriculture, as well as the equity market. The possibility of cooperation also exists in supply of raw materials and finished products for fertilizers, chemicals, and pharmaceuticals, he added.

    Source : epaper.brecorder.com/2017/02/09/8-page/848115-news.html

     




 
 
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