Pakistan, EU pledge to deepen economic ties

June 12, 2025 (MLN): Pakistan and the European Union reaffirm their commitment to deepen economic ties and pursue closer coordination to boost trade and investment.

This mutual understanding emerged during a meeting held in Islamabad between the EU Ambassador to Pakistan, Dr. Riina Kionka, and Minister for Investment Qaiser Ahmed Sheikh.

The discussion centered on reinforcing EU-Pakistan economic and business ties, with a particular focus on the EU-Pak Business Network, which includes over 400 European companies operating across diverse sectors in Pakistan.

The EU side expressed interest in expanding this platform and introduced the "25 Champion Companies" initiative, designed to support select EU enterprises in Pakistan that prioritize sustainability, innovation, and inclusivity.

Minister Sheikh acknowledged the EU’s longstanding support for Pakistan’s economic development and outlined the government’s ongoing efforts to achieve macroeconomic stability, according to the press release issued.

He pointed to improvements in fiscal balance, stock market performance, and the overall investment climate as indicators of progress and invited European investors to explore opportunities in Pakistan’s Special Economic Zones.

In response, Ambassador Kionka welcomed Pakistan's reform agenda but emphasized the importance of regulatory efficiency in attracting EU investments.

She also noted that aligning Pakistani exports with the EU Green Deal and Green Zero targets would enhance their competitiveness in European markets.

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