According to some media reports, Pakistan is looking to revise the double taxation agreement (DTA) with Switzerland. The current double tax agreement between the two countries was signed on 19 July 2005 and entered into force in 2008. No further details are available as to the intended content of the new agreement.
Switzerland is one of the top five investors in Pakistan and its investments cover a number of areas including energy, banking and chemicals. There are opportunities for further investment of Swiss technology and services in energy, mining, chemicals, agriculture and finance. Switzerland sees increased potential for expansion of trade with Pakistan as there is demand for Swiss quality products.
