ISLAMABAD: Spainish Ambassador in Pakistan Javier Carbajosa Sanchez met with Minister of State and Board of Investment (BOI) Chairman Dr Miftah Ismail to discuss and explore investment opportunities.
Sanchez said Spain was intending to enhance bilateral ties with Pakistan, and added that it would settle issues of bilateral investment treaties and memoranda of understanding with Pakistan. Showing interest particularly in Pakistan’s wind, solar energy and tourism sectors, he said Spanish investors in Pakistan were interested in high level sophisticated machinery and equipment for the textile sector.
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On the occasion, the BoI chairman said Spanish companies might explore the possibility of establishing Spanish-specific special economic zone in Pakistan. He added that BOI would extend an invitation to Spanish businessmen to visit and explore opportunities in Pakistan.
Spain’s imports from Pakistan were around US$150 million and exports around US$300 million in 2012, as per a report Then Ambassador Saravia had said that although the political relations between the two countries date as far back as 50 years, Pakistan is still a very new market for Spain and most of the investors only get the right impression after visiting the country themselves.
