FAISALABAD: France has made investment of $1.4 billion and the visit of French investors after a gap of 12 years will bring in more investment in the Pakistan, said Philippe FOUET, head of the Economic Department of French Embassy, Islamabad.
Addressing the FCCI members here, he said that Pakistan and France enjoyed good relations and there was huge scope of promotion of bilateral trade. He said that the bilateral imports and exports were far less than the existing potential. He informed the audience with satisfaction that during the first three months of this year, the French exports have been doubled while 11% increase in Pakistan’s exports have also been recorded. “All macroeconomic indicators are positive but both countries will have to take new steps to further strengthen their bilateral ties,” he added. Earlier, in his welcome address, Engineer Ahmad Hassan, vice-president Faisalabad Chamber of Commerce and Industry (FCCI) introduced Faisalabad and the FCCI. He particularly appreciated the support of France in maintaining the status of GSP plus for Pakistan. Later, he presented a book on China-Pakistan Economic Corridor (CPEC) to Philippe FOUET.
