The inaugural EU-Pakistan Business Forum is scheduled to take place in Islamabad from May 14-15 to enhance economic cooperation, according to a joint announcement by the government and the European Union delegation on Tuesday.
The EU is the world’s largest single market and the primary destination for Pakistani exports. The EU also stands as the world’s largest foreign investor, representing 42 percent of global outward foreign direct investment.
Earlier this month, Prime Minister Shehbaz Sharif reaffirmed Pakistan’s commitment to further strengthening its cooperative partnership with the EU and welcomed the convening of the business forum.
“With a rapidly expanding market of over 240 million people, competitive labor costs, strategic geographical access to Central and South Asia, and preferential trade access to the EU, Pakistan presents substantial business opportunities,” the joint statement conveyed.
The forum will unite high-level policymakers—including the prime minister, ministers for finance and commerce—business leaders and CEOs from both Pakistan and Europe, financial institutions such as the European Investment Bank, investors, and other key stakeholders.
During the two-day forum, Pakistan’s potential, innovation, and best practices in key sectors (including agribusiness, energy and renewables, green logistics, pharmaceuticals, IT, and textiles) will be highlighted.
EU Ambassador Dr. Riina Kionka stated, “European companies are recognizing Pakistan as a promising business destination. This forum serves as a crucial platform to strengthen collaboration between European and Pakistani businesses, deepen bilateral trade, and explore new avenues for economic partnership.”
“It also provides an opportunity for Pakistan to capitalize on the opportunities offered by Global Gateway.”
In addition to dedicated Business-to-Business and Business-to-Government meetings, engaging discussions, and specialized exhibitions, the forum will also mark the launch of the EU-Pakistan Business Network—which will consolidate the 300-plus European companies operating in Pakistan.
“The forum signifies a pivotal step in reinforcing the economic ties between Pakistan and the EU, embodying the spirit of ‘Stronger Together’, and paving the way for enhanced collaboration and mutual prosperity,” the statement concluded.
