ISLAMABAD: A French rail transport company, Alstom is setting up its permanent representation in Pakistan and this is a step to boost further investment.

This was revealed by the Ambassador of France to Pakistan, Nicolas Galey, in a meeting held with Caretaker Federal Minister for Communication, Railways and Ports and Shipping, Shahid Ashraf Tarar to discuss emerging investment opportunities in transport, rail, and shipping sectors.

The caretaker minister highlighted certain projects for investments in Pakistan and said that there are golden opportunities for the French.

He added that Sukkur-Hyderabad Motorway (M-6) is an excellent investment opportunity.

Similarly, Pakistan Railways is trying to build a route from Kohat to Kharlachi in order to connect with Afghanistan, and French investors are welcome to explore.

French Ambassador Galey stated that France and Pakistan have a long history of relations and mutual cooperation, and French investors are showing interest in Pakistani projects.

Alstom is setting up its permanent representation in Pakistan and this is a step to boost further investment. He said that he would further encourage French investors and bring huge investments to Pakistan.

The caretaker minister said that Pakistan National Shipping Corporation is also expanding its horizon with a huge scope of foreign investment opportunities.

He concluded by saying that the democratic evolution in Pakistan, which began in 2008, is an ongoing process that ensures stability. The future of investments and business is bright in Pakistan, especially with the actualisation of the Gwadar Port.

Copyright Business Recorder, 2023