KARACHI (December 10 2009): Pakistan and France would sign agreements in energy (hydro), transport, urban environment and agriculture sectors next year. Though the trade volume between the two nations remained below 1 billion dollar this year, this initiative would extend bilateral trade beyond par.
This was said by Daniel Jounneau, Ambassador of France in Pakistan, during an award distribution ceremony the "6th Pakistan France Trade Performance Awards 2007-09" which was organised by Pakistan France Business Alliance (PFBA) at a local hotel on Tuesday.
He said the final economic joint statement would be completed on January 14, 2010, during the visit of Hina Rabbani Khar, state minister for finance, to France. While 30 French companies, already working in the country, would reinvest, Smart Car Manufacturing Company and S D V another two companies would also start their business in Karachi next year, he added.
The ambassador said the existing 200 gas stations owned by French companies would be further increased by next year. He said that his country was more interested to increase its business activities in Karachi, the financial hub of Pakistan.
"Though there are serious security concerns in Pakistan, we encourage the political determination of Pakistan," he said adding that his country would continue supporting Pakistan in the fight against terrorism. He said Pakistan, comparatively, had remained safe from the current financial crisis, spread across the world, as France had been badly affected.
Over the past one year, he said, significant French investment has taken place in Pakistan. The company like Total has expanded its utility in Karachi in partnership with Atlas. Hyperstar has inaugurated its first hypermarket in Lahore while three new French affiliated companies -L'Oeal, SDV and Gemalto have directly established themselves in Pakistan this year.
While addressing the ceremony, Jamil Hamdani, president PFBA, said that this particular ceremony is one with a difference as unlike the norm, PFBA was covering a period of two years (2007-2008 and 2008-209). Another speaker, Irfan Nadeem, who was presently posted as Additional Director General FIA, who was also the chief guest at the ceremony, senior bureaucrat, said for the promotion and fair trade relation the implementation of intellectual property right was necessary.
The awards were distributed in following categories: the home textile, fabric export, garment export, textile buying agents, information and technology, chemical, pharmaceutical, diagnostic and lab, surgical goods, hospital equipment, shipping and freight forwarders, leather garments, cosmetic/consumer goods, commodities, animal husbandry, livestock, veterinary surgical instruments, oil and gas, engineering, industrial safety equipment, drilling equipment, and defence equipment.
This was said by Daniel Jounneau, Ambassador of France in Pakistan, during an award distribution ceremony the "6th Pakistan France Trade Performance Awards 2007-09" which was organised by Pakistan France Business Alliance (PFBA) at a local hotel on Tuesday.
He said the final economic joint statement would be completed on January 14, 2010, during the visit of Hina Rabbani Khar, state minister for finance, to France. While 30 French companies, already working in the country, would reinvest, Smart Car Manufacturing Company and S D V another two companies would also start their business in Karachi next year, he added.
The ambassador said the existing 200 gas stations owned by French companies would be further increased by next year. He said that his country was more interested to increase its business activities in Karachi, the financial hub of Pakistan.
"Though there are serious security concerns in Pakistan, we encourage the political determination of Pakistan," he said adding that his country would continue supporting Pakistan in the fight against terrorism. He said Pakistan, comparatively, had remained safe from the current financial crisis, spread across the world, as France had been badly affected.
Over the past one year, he said, significant French investment has taken place in Pakistan. The company like Total has expanded its utility in Karachi in partnership with Atlas. Hyperstar has inaugurated its first hypermarket in Lahore while three new French affiliated companies -L'Oeal, SDV and Gemalto have directly established themselves in Pakistan this year.
While addressing the ceremony, Jamil Hamdani, president PFBA, said that this particular ceremony is one with a difference as unlike the norm, PFBA was covering a period of two years (2007-2008 and 2008-209). Another speaker, Irfan Nadeem, who was presently posted as Additional Director General FIA, who was also the chief guest at the ceremony, senior bureaucrat, said for the promotion and fair trade relation the implementation of intellectual property right was necessary.
The awards were distributed in following categories: the home textile, fabric export, garment export, textile buying agents, information and technology, chemical, pharmaceutical, diagnostic and lab, surgical goods, hospital equipment, shipping and freight forwarders, leather garments, cosmetic/consumer goods, commodities, animal husbandry, livestock, veterinary surgical instruments, oil and gas, engineering, industrial safety equipment, drilling equipment, and defence equipment.
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