France interested to be a part of CPEC

The Ambassador of France to Pakistan, H.E. Marc Barety showed France's willingness to invest in the China-Pakistan Economic Corridor (CPEC), during a meeting with the Chairman of the Senate Standing Committee on Defence and Production, Lt Gen (R) Abdul Qayyum. During the meeting, he said that if Pakistan can provide a guarantee that balance and transparency will be ensured, France will be at the forefront of foreign investments in CPEC. He said that 40 French companies were interested in the mega project, with a combined worth of 1.4 billion euros.

Chairman, Senate standing committee on defence production, Senator Lt Gen Abdul Qayyum, said on Friday, Pakistan appreciates and welcomes French desire and endeavors to increase her investment in Pakistan and welcomed French decision to participate in forthcoming APA meeting being held in Gwadar on October 29-30, 2018.

The French ambassador stated that about 40 French companies, including Engie, Total and Sanofi, are doing successful business and France was keen on enhancing bilateral trade which was presently 1.4 billion Euro.

The envoy contended that France and Germany were planning joint cultural events in Islamabad, Lahore, Karachi, and Peshawar. He appreciated that in view of tremendous improvement in the security situation in Pakistan. These events are being held with desired freedom. France is also opening French language institutes in Peshawar, Faisalabad, and Karachi.