Finance Minister Mohammed Aurangzeb on Friday expressed the government’s commitment to support the European Union (EU) business in Pakistan and to assist in their actions, including ensuring timely repatriation of profit and profit. Radio Pakistan Reported.
In January, exports to European countries increased by 8.62 % in the first five months of FY 25, which is driven by high delivery to Western states. According to the State Bank of Pakistan data, Pakistan’s exports from July to November increased from $ 8866 billion in July to November, which was $ 3.559 billion a year ago.
The European Union is Pakistan’s second largest trading partner, which provides access to GSP+ status duty -free or minimum duty. However, the scheme requires concrete progress on human and labor rights, environmental protection, climate change, and 27 international conventions, which covers good governance.
Talking to European Union Ambassador to Islamabad, Raina Kyonka, Aurangzeb praised EU support for Pakistan, especially the GSP, and the importance of facility.
He highlighted that GSP+ has been important for Pakistan’s efforts to advance export -led development.
The report states that “the two sides confirmed their joint commitment to enhance economic and trade relations between Pakistan and the European Union and create a promoted and mutual business environment for both sides.”
According to the report, Dr. Keanka emphasized that European companies are rapidly seeing Pakistan as a center for potential business opportunities.
