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Minister for Commerce opens first Pakistan-Central Europe Economic Cooperation Forum in Katowice, Poland

Islamabad, May 09, 2014 (PPI-OT): Engineer Khurram Dastgir Khan, Minister for Commerce opened the first Pakistan-Central Europe Economic Cooperation Forum in Katowice, major industrial city, south of Poland. While addressing the European audience, he affirmed that Pakistan attaches great importance to its relations with Poland and European Union (EU).

EU, being the biggest trading partner of Pakistan, has a very important place in Pakistan’s economic agenda. Poland with its robust economic fundamentals and sound progress along the path of democracy holds a great promise for emerging democracies in the world.

Pakistan, the gateway to Central and South Asia, is very keen to enhance its ties with Poland. He also informed the audience that Pakistan played the leading role in global war against terrorism and gave great sacrifices for the cause.

Pakistan is the only country in the world that suffered the most economically as well as in terms of civilian and military causalities due to the war on terror. However, the people of Pakistan have the great resolve and they are determined to continue to fight against terrorism in order to make the world a peaceful place.

While elaborating on Pakistan’s economic success, he mentioned that the present government under the dynamic leadership of Prime Minister Muhammad Nawaz Sharif has adopted a comprehensive and multi-sectoral reforms program in Pakistan. Pakistan is one of the fastest growing economies in South Asia, achieving a growth rate of about 5% in first quarter of Financial Year 2014.

Pakistan’s economic reforms are underpinned by the philosophy of liberalisation, deregulation and privatisation. He further explained that the present PML-N government is committed to a market-based economy with the private sector leading the process of investment and growth and the government playing the role of enabler, facilitator and regulator.

Pakistan has developed regulatory mechanisms that are aligned to global norms and practices. Hence Pakistan has the most conducive business environment in the region. He also invited Polish companies to invest in Pakistan and asserted that Government of Pakistan would extend full support in this regard.

Mr. Tomasz Tomczykiewicz, Minister of State for Polish Economy in his inaugural address informed that Poland is very keen to enhance relations with Pakistan and in this regard Polish Government is considering a comprehensive package to increase trade. The Economic Forum had three sessions the first session was on policy level session and discussed mainly broad areas for economic cooperation.

The Second session highlighted opportunities for enhancing trade between the two countries while the last session was dedicated to investment cooperation. Two MoUs between FPCCI and World Trade Center Poznan and Polish Agency for Enterprise Development were also signed during the Forum.

Later on while meeting with Polish Deputy Minister for Foreign Affairs Ms. Katarzyna Kacperczyk, the Minister for Commerce highlighted the need to adopt a comprehensive approach to broaden and deepen the relations. He also informed the Polish Deputy Foreign Minister the Polish companies have shown great interest to invest in Pakistan.

He said that a comprehensive umbrella Memorandum of Understanding needs to be signed between Poland and Pakistan that will encompass all potential areas for cooperation. Ms. Kacperczyk agreed to work with Polish Ministry of Finance to design a package for Polish companies who are interested to work in Pakistan.

Minister Khurram Dastgir also met with Presidents and CEOs of leading Polish companies in coal mining, textile, chemical and rail and rolling stock manufacturing sectors and invited them to invest in Pakistan and assured them that Government of Pakistan would extend full support to them in this regard.

For more information, contact:
Haji Ahmed Malik
Principal Information Officer
Press Information Department (PID)
Tel: +9251 925 2323 and +9251 925 2324
Fax: +9251 925 2325 and +9251 925 2326
Email: piopid@gmail.com

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