SWISS-PAK BILATERAL TRADE DURING 2016 SURGES BY 15%

By Sameer Nazir
KARACHI:
According to Swiss Customs Administration latest statistics, the bilateral trade volume between Switzerland and Pakistan during 2016 has increased by 15%(total CHF 481.42 Million).

The official statement has said that main contributors to this growth are Swiss chemicals and pharmaceuticals exports that rose by 28% and 20% respectively. Pakistani textile exports to Switzerland were also all time high (CHF 84.47 Million); 20% more than 2015.

At present, 21 Swiss companies are successfully operating in Pakistan and provide direct employment to over 20,000 Pakistanis. Over the past decade, these firms have collectively invested more than CHF 1.5 Billion; Switzerland is thus placed among the top five direct foreign investors in Pakistan.