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Pakistan Switzerland Economic Relations
Bilateral Trade
Bilateral trade between the two countries has always been in the favour of Switzerland. In 2008, the trade crossed the mark of half a billion CHF. The volume of bilateral trade in 2010 amounted to CHF 358 million (source: Swiss Custom Administration). Imports from Switzerland amounted to CHF 295 million while exports from Pakistan amounted to CHF 68 million. Switzerland exports mainly machines, chemicals, pharmaceuticals precision instruments, and watches and imports textile and agro based products.
Bilateral Investment
Switzerland has always been one of the top five Foreign Direct Investors in Pakistan. Presently 20 Swiss companies are operating in the sectors of energy, banking, chemicals, pharmaceuticals, agriculture solutions, catering, cigarette manufacturing, food, telecommunication, quality testing, machinery, construction material, and airlines. There are above 200 strategic alliances between businessmen of both countries. Over the last decade, Swiss investment has exceeded USD 1 billion with creation of more than 10,000 jobs.
Pakistani market has substantive potential for increasing trade between the two countries as quality and unique products from Switzerland portray positive image of Switzerland. Main fields of opportunities for Swiss technology & services are energy sector, mining, agriculture, and equity market. There is potential for supplying raw materials and finished products in the fields of fertilizers, chemicals, and pharmaceuticals.
Contact to Swiss Embassy
Swiss Embassy always welcomes Swiss exporters, importers and investors who want to establish trade relations. The embassy provides answers to general queries about economy and trade. Please contact us through:
isl.vertretung@eda.admin.ch.
List of Agreements
Convention between the Swiss Confederation and the Islamic Republic of Pakistan for the avoidance of double taxation with respect to taxes on income signed on 07.03.2007:
Convention for the Avoidance of Double Taxation
Agreement between the Swiss Confederation and the Islamic Republic of Pakistan on the Promotion and Reciprocal Protection of Investments signed on 06.05.1996:
Agreement on the Promotion and Reciprocal Protection of Investments
Swiss Business Council
To promote bilateral trade relations between the two countries, Swiss Business Council (SBC) was established in 2008 by the private sector. Currently, SBC has 24 members including subsidiaries of multinational Swiss companies operating in Pakistan and local representatives of Swiss manufacturers. SBC has been playing a significant role to strengthen economic relations between Switzerland and Pakistan in collaboration with the Swiss Asian Chamber of Commerce in Zurich. In May 2011, SBC arranged a delegation of Pakistani business leaders to Switzerland to inform about business opportunities and attract more Swiss investment into Pakistan.
www.swissbusinesscouncil.com.pk
