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PAKISTAN - FRANCE BUSINESS ALLIANCE - 3rd ANNUAL GENERAL MEETING.
The third Annual General Meeting of Pakistan- France Business Alliance (PFBA) was held on April 7th, 2017 at a local hotel in Karachi.
The Chief Guest at this occasion was the PFBA Patron-in-Chief Her Excellency Mme Martine DORANCE, Ambassador of France in Pakistan.
Mr. Philippe FOUET the Head of the French Economic Department in Pakistan and the French Consul General Mr. Francois DALL"ORSO were also present at the occasion.
The financial statements for the year ended December 31, 2016 audited by the reputed Haroon Zakaria & Company were presented to the members by the PFBA Director Finance Mr. Riaz Siddiqui.
Following the financial report, Mr. Jamil Hamdani, the PFBA Chairman/CEO in his address gave a brief overview of the economy and the general situation of the country.
He spoke of 2017 being the last year of the present government's electoral mandate and said that in spite of the ups and downs the system of democratic change through elections had come to stay
The Chairman/CEO spoke of the delegation of over twenty French companies under the auspices of MEDEF that visited Pakistan recently and held important meetings with Pakistani authorities and business groups.
Mr. Hamdani spoke of PFBA's strong relationship with Business France, the French external trade agency and said that Business France has become a pillar of PFBA's general activities.
The Chairman congratulated the Head of Martin Dow Limited Mr. Jawed Akhai on opening two plants in France which were inaugurated by the President of the Republic of France Mr. Francois HOLLANDE.
A commendable presentation of the recent achievement by Martin Dow was viewed by members.
Following the presentation, the Chief Guest H.E. Mme DORANCE addressed the members and guests and said that the bilateral relationships between the two countries would not be the same without the contribution by PFBA.
H.E. Mme DORANCE also spoke of the MEDEF delegation as being a major achievement particularly as it was after a gap of twelve years.
The Ambassador congratulated Mr. Jawed Akhai Chairman Martin Dow Limited for the inauguration of its two plants in France and for putting Pakistan on the map of France.
H.E. Mme DORANCE said that the prospective of bilateral relations between the two countries in the coming years is promising with further deliveries of French helicopters and turbines.
The Ambassador concluded by informing members that her tenure of three years would end this year and thanked the PFBA Board of Directors and members for their support and friendship during this period.
The Head of the Economic Department of the Embassy of France Mr. Philippe FOUET in his address said that on the economic front there is room for improvement.
He was happy to report that one of his key priorities of developing bilateral economic visits was successful as last year saw two official visits of the Finance Minister of Pakistan Mr. Ishaq Dar to France and recently MEDEF arranged a delegation of French businessmen to Pakistan.
Another objective of promoting the attractiveness of France to the Pakistani business community for investment is also bearing fruit with the recent 2 plants of Martin Dow and day by day new investors from Pakistan are investing in France.
Mr. FOUET said that since the French business community was still hesitant and not convinced about investing in Pakistan therefore recreating an Economic Department in Karachi was not supported by the authorities in France.
The evening's proceedings concluded with a lavish high tea served to the members.