LAHORE: 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 said
the 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.”
