Pak- Germany economic partnership showing positive trends: Chairman BOI

ISLAMABAD, Oct 25 (APP):State Minister and Chairman Board of Investment (BoI) Haroon Sharif on Thursday said that economic partnership between Pakistan and Germany is showing positive trends in the recent years which needs further strengthening. He also highlighted the role of BoI in the area of Investment promotion and facilitation in addressing to Pak- Germany Investment Forum organized by the Board. The Forum was participated by German business delegation from the Bavarian Ministry of Economy, Energy and Technology and German Federal Chamber of Commerce and Industries, he told.
He said this while talking to a delegation comprises of around 40 companies including two officials of the Bavarian Ministry and one from the German Chamber.
Speaking about the investment climate, the Chairman, BoI emphasized that Pakistan is open for business and all investors are welcome to take benefit in particular from the opportunities that lies in large consumer market where average age of 100 million of Pakistan’s population is below 35. He said that Pakistan is also the gateway to western China after the launch of China Pakistan Economic Corridor (CPEC) and is the logistic hub. He said the prominent sectors in Pakistan for investment are Renewable Energy, Information Technology, Food and Dairy and Services.
In addition to the financial investments, Chairman, BOI emphasized in tapping the opportunities, partnerships and other prospects.
The Adviser on Commerce, Textile Industries, Production and Investment, Abdur Razzak Dawood on the occasion stressed that Pakistan is dealing with macroeconomic challenges successfully. He said that all these advantages coupled with a friendly investment policy offers ideal opportunities for investment in Pakistan and the issues also presents an opportunity. He said the security situation in Pakistan has significantly improved.
The Adviser also recognized that fact regarding Germany’s unwavering support for Pakistan for GSP- Plus in the European Union (EU) market and urged further enhancing the exports of Pakistan as well as the German delegation to explore business opportunities during their visit to Information Technology incubation centers where young entrepreneurs are engaged with generating new ideas.
The German companies participated in forum include sectors encompassing Special Economic Zones (SEZs), Electronics, Aerospace, Industrial Plants, Consultancy, Retail, Information Technology, Fintech, Dairy, Energy, Financial Sector, Technology, Education, Healthcare, Renewable Energy, Trade and Social Sector.
Pakistan’s Honorary Consul, Dr. Pantelis Poetis, from the Bavarian region accompanied the delegation for coordination, while, Dr. Ulrich Rieger, Head of Asia and Africa from Bavarian Ministry of Economy, Energy and Technology led the delegation.