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Pakistan welcomes German investment

Tuesday, October 28, 2008 Leave a Comment

Secretary Board of Investment, Ashraf Hayat has commended the German Government for undertaking collaborative efforts to meet the challenges of the ongoing World Economic and Financial Crises

He expressed these views While talking to three member German delegation comprising Von Fritch, Head of Directorate General for Economic Affairs and Sustainable Development at the Federal Foreign Office, Berlin, Jeroen Haberland, CEO Johanna Solar Technologies and Prof. Detlef Prinz, Prinz Media who called on him here on Tuesday.

Welcoming the German investment in Pakistan, Ashraf Hayat has also lauded the efforts of Pakistan German Business Forum, confidence shown by eminent German companies in the economy of Pakistan and for making huge investments.

He further added that in order to achieve the national GDP objective of the Government and to move the country on the dynamic path of social and economic development, Pakistan would need all support from Germany.

Secretary BOI said "For us it was important to deepen our integration process with world economies and that is why you would see Pakistan signing more free trade agreements and preferential agreements with other countries.

"There are short termed financial liquidity constraints to Pakistan that it will overcome sooner or later", he added.

The German delegates also enquired about the business potential and investment returns from the Pakistan's private sector present in the meeting.

To which, representatives of Metro Cash and Carry, Mercedes-Benz, PESCO Group, ALNO AG. Kitchens, National Book Foundation, Deutsche Bank, KSB Pumps Co. Ltd and Siemens Corporation expressed their satisfaction and referred to their business ventures as very profitable in Pakistan.

Von Fritch appreciated the efforts of Board of Investment for arranging and coordinating their visit. He further added that he was very happy to see some successful German brands operating successfully in Pakistan.

He promised to encourage more German investment in Pakistan especially in the SMEs Sector.