Poland urges Pakistan to protect foreign investment

Poland’s Ambassador Maciej Pisarkski on Thursday urged Pakistan to take immediate steps for making the life of foreign investors easier, who are badly suffering because of delay in payment of their dues and difficulties in keeping their machinery functioning. The ambassador made the remarks at a time when Pakistani authorities were trying to bring foreign investment amid external sector and budgetary challenges that had created massive difficulties for the foreign investors working in Pakistan. “Something has to be done to make the life of existing investors easier,” remarked Pisarkski while talking to a group of journalists at the embassy. Foreign investors are grappling with the problem of delay in payments for services rendered by them and even encountering hurdles in the way of arranging spare parts for their machinery due to non-payment, said the envoy. PGNiG – a leading Polish company – is one of the two foreign companies that are still engaged in gas exploration in Pakistan despite numerous challenges. However, the company has suffered due to the absence of payment for gas explored and supplied to the government.