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Pakistan considers Poland as gateway to Europe: Dastgir

Engineer Khurram Dastgir Khan Thursday said Pakistan considered Poland as gateway to Central and Eastern Europe and was keen on developing strong trade relations with this country. Dastgir Khan who attended the Pakistan-Central Europe Economic Co-operation Forum during the European Economic Congress in Katowice, stated this while meeting with the Deputy Prime Minister and Minister for Economy of Poland Janusz Piechocinski.

He also explained that Pakistan was very keen on developing strong trade relations with Poland. Dastgir explained that Pakistan considered Poland as gateway to Central and Eastern Europe and thanked the Deputy Prime Minister for hosting Pakistan Central Europe Economic Co-operation Forum during the European Economic Congress in Katowice Poland, says a message received here from Poland. The Minister also invited Polish companies to invest in coal fired power generation in Pakistan and in this regard Polish Government can take the lead.

Engineer Khurram Dastgir Khan informed Janusz Piechocinski that the Government of Prime Minister Nawaz Sharif has embarked upon a comprehensive plan to generate energy through coal and Polish expertise in this regard could be of great support to Pakistan. He also invited Deputy Prime Minister to visit Pakistan to hold Joint Ministerial Meeting to further enhance the trade. The Deputy Prime Minister explained that European Economic Congress was one of the biggest business events in Central and East Europe and it could provide a useful platform for Pakistan to enhance ties with Central and Eastern European countries.

He thankfully accepted the invitation of Minister for Commerce to visit Pakistan and was greatly impressed with the large Pakistani delegation of businessmen from FPCCI which also participated in the European Congress. He showed resolve of Polish government to work in coal based power generation in Pakistan. He also met with Jerzy Buzek, President of European Parliament (2009-12) and Prime Minister of Poland (1997-2001) and thanked him for support for Pakistan's GSP Plus status in European Parliament and requested for continued support. Buzek expressed happiness on Pakistan's participation in the European Economic Congress and assured full support for Pakistan in European Parliament.

Addressing the plenary Session of the Congress, Engineer Khurram Dastgir Khan, Minister for Commerce informed the audience that Pakistan was very keen to enhance its relations with the European countries as Pakistan saw Europe as potential market for its product and also an important source of investment.

He also urged European Companies to establish projects in Pakistan in energy, heavy steel industry, food and other important sectors of the economy and Government of Pakistan will provide full support to European Economic Congress. The Minister invited the Polish and Central European businessmen to take part in the 9th Expo Pakistan 2014 which will be held from 23rd to 26th October 2014 in Karachi.

The Minister said Pakistan was the gateway to Central and South Asia and Government of Pakistan would facilitate companies from Poland and Central European region to invest and trade with Pakistan. The Minister informed the audience that the Privatisation Commission of Pakistan was in the process of privatising public sector entities with good business prospects and it will be a good chance for the businessmen from Poland and Central Europe to take benefit.

During the meeting with President Polish Enterprise Development Agency (PAED), Bozena Lublinska-Kasprzak, President of Polish Agency for Enterprise Development, the Minister emphasised need to develop deeper co-operation between enterprises of the two countries. He also stressed the need to develop joint projects with Small and Medium Development Authority of Pakistan and PARP to strengthen economic co-operation between the two countries.

The PAED has more than 1.7 million enterprises as its customers and the President PAED offered full support to help Pakistani SMEs to find buyers from Poland. She also offered to work on joint training and capacity building programme with Smeda. It was also agreed that Trade Development Authority will develop an annual programme for trade delegations to Poland and prior information will be shared with PARP to organise effective B2B meetings of the Pakistani delegations.

Copyright Associated Press of Pakistan, 2014


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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyApril 16, 2015
Reserves $16.818 bln