Pakistan appreciate and welcomes French desire and endeavors to increase her investments in Pakistan which is a big market being 6th most populous country of the world said Senator Lt. Gen. (R) Abdul Qayyum, Chairman Senate Standing Committee on Defence Production during a meeting with the French Ambassador Mr. Marc Barety who called on Senator Abdul Qayyum in his office today. The Senator welcomed French decision to participate in forth coming APA meeting being held in Gwadar on 29-30 October, 2018.
The French Ambassador said that France supports Chinese BRI concept and is ready to invest in the subsequent phases of CPEC provided balance and transparency is ensured. He said France investments in Pakistan will be enhanced in due course of time. He said that about 40 French companies including Engie, Total and Sanofi are doing successful business and France was keen to enhance to bilateral trade which was presently 1.4 Billion Euro.
He said that France and Germany were planning joint cultural events in Islamabad, Lahore, Karachi and Peshawar. He appreciated that in view of tremendous improvement in security situation in Pakistan. These events are being held with desired freedom. France is also opening French language institutes in Peshawar, Faisalabad and Karachi. The ambassador also showed keenness to invest in the defence sector and showed his concern that three tenders for radars, submarines and mobile bridges were awarded to USA, Turkey and China respectively. The Chairman Defence Production Committee assured him that procedures followed were transparent.