Pakistan president reaffirms commitment to EU strategic plan, says ties vital for global peace

President Asif Ali Zardari meets outgoing Head of the European Union delegation to Pakistan, Dr. Riina Kionka (right), in Islamabad, Pakistan, on August 5, 2025. (PID)
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Updated 05 August 2025
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Pakistan president reaffirms commitment to EU strategic plan, says ties vital for global peace

  • Zardari meets outgoing EU envoy in Islamabad, praises her role in strengthening bilateral ties
  • He says Pakistani youth benefiting from Erasmus Mundus and Horizon Europe scholarships

ISLAMABAD: President Asif Ali Zardari on Tuesday reaffirmed Islamabad’s commitment to fully implement the Pakistan–European Union Strategic Engagement Plan, calling the EU “a key trade and investment partner” and stressing that stronger ties contribute to regional stability and global peace.

Zardari made the remarks during a farewell meeting with Dr. Riina Kionka, the outgoing EU ambassador to Pakistan, at the President House in Islamabad.

The Strategic Engagement Plan (SEP), signed in 2019, is the main framework guiding Pakistan-EU cooperation on political, economic and security issues, including trade, migration, development, climate change and education.

“Pakistan is fully committed to the implementation of the Pakistan–EU Strategic Engagement Plan,” the president said, according to an official statement issued after the meeting.

“We attach special importance to our multifaceted relationship with the European Union, which plays a vital role in regional stability and global security.”

The SEP also complements Pakistan’s access to the Generalized Scheme of Preferences Plus (GSP+), a vital EU trade arrangement that grants Pakistan duty-free access to most EU markets in return for progress on human rights, labor standards and environmental protection.

The scheme has significantly boosted Pakistan’s exports to the EU, making it one of the country’s most valuable trade frameworks.

Zardari also praised the EU’s contributions in education and research, especially through initiatives like Erasmus Mundus and Horizon Europe, which he said offer “valuable academic and research opportunities” to Pakistani youth.

“Shared goals in areas such as trade, climate, migration and regional peace will further strengthen Pakistan-EU cooperation,” the statement quoted Zardari as saying.

The president also acknowledged Dr. Kionka’s role in promoting Pakistan-EU ties during her tenure and extended best wishes for her future endeavors.


US-based firm sells 75 percent stake in Pakistan’s leading starch producer to Nishat Group

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US-based firm sells 75 percent stake in Pakistan’s leading starch producer to Nishat Group

  • Rafhan Maize, prominent Pakistani starch and food ingredients producer, has a market capitalization of $355 million, says brokerage firm 
  • Brokerage firm Arif Habib Ltd. says transaction ranks among largest mergers and acquisitions deals in Pakistan in nearly two decades

Karachi: US-based firm Ingredion Incorporated has formally agreed to sell up to 75% of its stake in Rafhan Maize Products, a leading Pakistani starch and food ingredients manufacturer, to Pakistan’s Nishat Group, Ingredion’s financial adviser said on Sunday. 

Rafhan Maize is a subsidiary of Ingredion Incorporated, a prominent global corn refiner which began its operations in Pakistan as a pioneer of the corn refining industry in 1953. Over the last six decades, Rafhan Maize says it has expanded operations to become one of the country’s premier agro-based industries. 

Nishat Group, meanwhile, is a Pakistani private sector business conglomerate. Brokerage firm Arif Habib Limited acted as the exclusive financial adviser to Ingredion Incorporated for the transaction. 

“This landmark transaction ranks among the largest M&A deals in Pakistan in nearly two decades, giving the Nishat Group a controlling stake in Rafhan Maize,” Shahid Ali Habib, chief executive officer of Arif Habib Ltd., said in a statement.

He added that Rafhan Maize has a market capitalization of approximately Rs100 billion [$355 million].

Habib described Rafhan Maize as a “market leader” in Pakistan’s starch industry, operating three production facilities nationwide with a production capacity more than five times its nearest competitor.

“Ingredion shall retain a strategic stake in the company and continue to support the Nishat Group,” he added.