The Swiss Ambassador Thomas Kolly visited Punjab Board of Investment and Trade (PBIT) along with a high level delegation for the renewal of MoU between the board and Swiss Business Council to encourage investment, augment business linkages, and facilitate people-to-people contacts. He expressed his country’s desire to increase investments in Pakistan. Switzerland is among the top five foreign direct investors of Pakistan in a number of sectors. Nestle, Archroma, ABB Group, Novartis, SIKA AG, Clariant, and Gate Gourmet are amongst the major Swiss investors in Pakistan. The Ambassador informed that the Representative of Swiss Global Enterprises (SGE) would be visiting Pakistan in December, and would meet with the representatives of sectors like food processing, pharmaceutical and SME.
PBIT Chief Executive Officer Jahanzeb Burana and Swiss Business Council President Farhat Ali signed the MoU from their respective sides. While addressing the delegation Burana said that the development of the social sectors such as health and education are of high priority in the new government’s agenda. To increase investments SEZs are being set up and sector specific Auto parks are going to be set in Punjab as well. Agri food parks are also in pipeline in the food and fruit growing parts of Punjab,
Swiss SME sector is worth two to three billion Swiss francs.