European states are attracted to CPEC

A high level of delegation of Faisalabad Industrial Estate Development and Management Company (FIEDMC) Saturday left for Europe to promote bilateral trade and enhance close cooperation through exchange of delegation in investment sector.Talking to media prior to his departure for Europe, FIEDMC Chairman Mian Kashif Ashfaq saidthe delegation would visit five different European countries included Germany, Italy and UK on ten days visit to seek investment in FIEDMC different projects especially in Allama Iqbal Industrial City which is a prioritized Special Economic Zone under CPEC.

The delegation would have one on one direct interaction with foreign business leaders,researchers and investors in European countries, he said adding the tour would enable investors to identify potential organizations to partner and developing successful regional economic strategies and support regionally vital businesses.He was of the view that economic and trade relations between Pakistan and Europe possess great potential and there was dire need for Pakistani business community to focus on improving their competitiveness in the European market.

Pakistan attaches immense importance to its relations with European countries especially with UK, Italy, France ,Spain and Germany,” he said. “Pakistani market is mostly unexplored and has huge potential, thus offers lucrative investment opportunities.”He said European countries are keen to invest in various economic sectors of Pakistan in order to avail business opportunities in the country in view of China-Pakistan Economic Corridor(CPEC) projects as many of these European companies are interested in investing in infrastructure, energy, agriculture, defence, and digital technology sectors.”It will help add value on different levels of production processes and increase production in general,” he added. “Pakistan has a huge potential to generate quality exports if right and focused investments are made.”