Swiss CG terms CPEC an economic turning point

HYDERABAD: The Consul General of Switzerland in Karachi Philippe Crevoisier while terming the China-Pakistan Economic Corridor (CPEC) an economic turning point in the region said that it was inviting the foreign investors to make their investment in Pakistan.

He expressed these remarks while addressing a reception hosted by the President Hyderabad Chamber of Commerce and Industry (HCCI) Goharullah in his honour here at HCCI Secretariat on Monday.

According to HCCI spokesman, the Consul General said both Switzerland and Pakistan enjoy good economic relations with numbers of the Swiss companies operating in Pakistan. As a result of healthy economic cooperation, he said that the Swiss exports have been increase by 15.1 percent in 2016 with 16.8 percent imports.

Besides economic cooperation, he said that both the countries also enjoying healthy bilateral relations with cooperation in education, research and innovations. The Switzerland is also sharing contribution of development cooperation and humanitarian aid in Pakistan and focused the areas of rural development, he said.

He said that Pakistani products have great potential in the European market and the investment from many European countries including Italy could bring fruitful results in this direction.

The President HCCI Goharullah in his welcome address has briefed the Consul General about the industrial activities of Hyderabad adding that there is a great opportunity for foreign investors to make their investment in textile and automobile industries of Hyderabad.

Besides, the Swiss investors can also make their investment in the power sector, he said and underlined the need of exchange of trade delegations between the two countries.

Among others, Senior Vice President HCCI Turab Ali Khoja and Vice President Ziauddin were also present on the occasion.