Opening account in Swiss banks no more easy: Envoy
Switzerland Ambassador in Pakistan Mark P.George said on Thursday that opening accounts in Swiss banks was not as easy as it used to be some time ago. Banks now demanded proof of tax payment and that money had been earned through legitimate means, the Ambassador said while addressing a gathering of industrialists at the Multan Chamber of Commerce and Industry (MCCI). Gone are the days when people used to take advantage of lesser restrictions and checks to deposit black money, the envoy said.
He said expatriate Pakistanis and Pakistani Ambassadors could play role to improve exports to other countries. To a question, he said providing jobs to a large number of Pakistani youth in Switzerland would be difficult. However, he said that highly educated Pakistanis could be accommodated in accordance with our needs. When asked about export of Pakistani mango to Switzerland, he said more work was needed to be done before reaching this stage.
He said opening a business centre or mini consulate in Multan would be costly. He, however, said it was an age of technology and people could contact Swiss Business Council in Karachi where they could find information and contacts of 23 big Swiss companies. He said people could also contact Swiss embassy in Islamabad for the purpose. He said he was happy to see Pakistanis including traders and businessmen, availing modern technology facilities. Mark P. George said Switzerland paid full attention to developing its agriculture sector and university education with more thrust on research.
Our researchers make a difference wherever they go or which ever organization they join and open new venues of development. He said Swiss government also focussed on developing its vocational education and training, adding that even the developed countries benefit from our vocational training facilities.
The Swiss envoy said Pakistan would have to go for industrialization to speed up development process. MCCI senior vice president Ata Shafi Tanweer Sheikh said bilateral trade balance between the two countries was tilted in favour of Switzerland and export of Pakistani products to Switzerland was low.
He urged the Swiss government to import rice, cotton products, carpet, leather and leather products from Pakistan. He also invited Swiss investors to invest in Pakistan, adding that security situation had improved a lot, conducive environment and raw material was available in the country. Former SVP MCCI Alamgir Jamil said there existed a vast potential of investment in the agriculture sector which the Swiss investors could benefit from it.