ISLAMABAD (April 28, 2026) — Prime Minister Shehbaz Sharif hosted a high-level delegation of European Union officials and business representatives at the Prime Minister’s House today, reinforcing Pakistan’s commitment to an “iron-clad” economic partnership with Europe. During the meeting, the Premier emphasized that despite the “recent spike in oil prices” and broader regional instability, Pakistan remains resolute in its economic stabilization path. The discussions centered on the success of the ongoing EU-Pakistan Business Forum, which has facilitated over 600 B2B meetings to bridge the gap between European investors and local industries in high-growth sectors like energy, IT, and telecommunications.
Islamabad : 28 April, 2026.
A delegation of senior officials of the European Union and business representatives from prominent European companies, called on Prime Minister Muhammad Shehbaz Sharif at the Prime Minister House this morning.
The delegation was led by Mr. Peteris… pic.twitter.com/iEtyPN0hwb
— Prime Minister’s Office (@PakPMO) April 28, 2026
Highlights
- PM Shehbaz identified the EU as Pakistan’s “largest trading partner” and the primary destination for its highest volume of exports.
- The government reaffirmed its commitment to stability despite global energy price shocks and regional security challenges.
- The EU delegation lauded Pakistan’s “leading role” in mediating Middle East peace efforts, noting recent high-level coordination with EU Council President Antonio Costa.
- Enormous potential was identified for deeper collaboration in Energy, Communications, and IT.
- The delegation was led by Director Peteris Ustubs and included EU Ambassador Raimundas Karoblis.
Navigating Global Challenges
The Prime Minister’s remarks underscored a proactive approach to external economic pressures. By acknowledging the impact of rising oil prices while simultaneously hosting the largest European business contingent in recent years, the government aims to signal that Pakistan is “open for business” regardless of the geopolitical climate.
Peace as a Catalyst for Trade
A significant portion of the meeting was dedicated to the intersection of security and economics.
The PM referenced his ongoing consultations with EU Council President Antonio Costa regarding the Middle East conflict, highlighting that regional peace is a prerequisite for sustained trade.
The Prime Minister assured the delegation of the government’s continued administrative support, specifically aiming to de-risk investments for European companies looking to enter the Pakistani market under the Global Gateway initiative.
The EU delegation expressed strong optimism regarding the “enormous potential” of the Pakistani workforce and digital sector, marking the Business Forum as a turning point for transforming traditional trade relations into long-term industrial partnerships.
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