Polish Firms looking forward to invest in Pakistan’s telecom sector
Polish companies want to play a role in the introduction and growth of 5G and telecom infrastructure in the country.
As per Piotr A Opalinski, Poland Ambassador to Pakistan, Poland is interested in growing bilateral trade with Pakistan, as the two countries have the potential to trade many goods with one another.
While talking to the business community during a visit to the ICCI (Islamabad Chamber of Commerce and Industry), Opalinski stated that the bilateral trade volume between Pakistan and Poland had increased to over half-billion euros but there is a wide scope for improvement.
About 90% of exports from Pakistan to Poland are textile products, Mr. Opalinski emphasized how Pakistan should pay attention to diversifying exports to get maximum results.
The countries had the potential to cooperate in the IT sector since the Polish companies wanted to play a role in the introduction and growth of 5G and telecom infrastructure in the country.
According to the envoy, Poland was located in central Europe and had the probability to become a hub for Pakistan’s exports to the EU.
Further on, he also revealed that the Polish companies had been involved in the business in Pakistan’s oil and gas sector for 20 years, and could invest more in the country.
Both countries looking forward to enhancing cooperation:
While discussing CPEC (China-Pakistan Economic Corridor), Opalinski said the group was a game-changer for Pakistan and had influenced Polish companies to invest in the project.
He said that Poland had good conditions for foreign investors and a Pakistan businessman had also opened the first-ever Halal restaurant in the country, while more Pakistanis could invest in the country.
He said that the Pakistani business community should develop relations with the Polish Investment Agency and the Polish National Chamber of Commerce to discover business opportunities in the country.
While talking on the occasion, Muhammad Ahmed Waheed, ICCI President, said that there’s a broad scope for bilateral cooperation between the two countries, which could be exploited with efforts by both the countries.
Both countries should encourage the exchange of trade delegations to explore all the untapped areas of mutual collaboration. Waheed stated that Polish investors should set up joint ventures in Pakistan in textiles and numerous other spheres.