Pakistan and the European Union have reached an important Pakistan EU trade and investment agreement, aiming to strengthen economic cooperation and expand bilateral trade opportunities. The understanding was reached during a high-level business forum held in Islamabad.
Prime Minister Shehbaz Sharif said the European Union is Pakistan’s largest trading partner and the biggest destination for its exports. He emphasized that the Pakistan EU trade and investment agreement will help deepen economic relations and attract more foreign investment.
A high-level European delegation, including representatives from major companies and institutions, met the Prime Minister during the visit. Both sides discussed ways to increase business-to-business cooperation under the Pakistan EU trade and investment agreement framework.
The delegation included officials from the European Commission, the European Investment Bank, and leading international companies. They expressed interest in expanding investments in Pakistan’s energy, IT, and communication sectors.
Prime Minister Shehbaz Sharif welcomed the delegation and appreciated their participation in the Pakistan-EU Business Forum. He expressed hope that the Pakistan EU trade and investment agreement would encourage stronger private sector engagement.
The Prime Minister also highlighted Pakistan’s commitment to maintaining economic stability despite global challenges, including rising oil prices and regional tensions. He said continued cooperation under the Pakistan EU trade and investment agreement is essential for sustainable growth.
European representatives praised Pakistan’s efforts to promote regional peace and strengthen economic ties. Both sides agreed to continue dialogue to further expand trade, investment, and development cooperation.
