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LAHORE - German Ambassador to Pakistan Dr Cyrill Jean Nunn Pakistan has said that Germany is the biggest supporter of GSP Plus status to Pakistan and hopefully Pakistan would get the status once the legal formalities are complete. The Ambassador was speaking at the Lahore Chamber of Commerce and Industry
The Ambassador said that the GSP plus status to Pakistan will help strengthen this country economically besides improving its trade relations with European Union countries. He said that German government was well aware with the ongoing energy crisis in Pakistan and ready to extend every possible help to this regard. He said that Germany has made remarkable progress in alternate energy sector. He said it was an encouraging sign that a number of German companies had already signed MoU in energy sector.
He said that private sector in Pakistan should join hands with their German counterparts to overcome energy challenge, the country has been facing for the last many years. The Ambassador said that tourism and trade fairs & exhibitions could help highlight Pakistans soft image to the outer world therefore, both the government and the private sector should focus in these two areas.
He said that these are the proven tools that always contribute immensely when it comes to revival of economic activities in any part of the world.
LCCI President Frooq Iftikhar said that Pakistan offers a great potential for foreign investment. It has a strategic location with abundant raw materials. Any investment made in Pakistan will automatically find its way to the regional countries which goes to the extent of Central Asian States.
He urged the Ambassador to motivate the German investors to consider Pakistan as a safe haven for investments in sectors like energy, livestock, dairy, beverages and etc.
He that factors like cheapest agriculture land abundantly available in Pakistan, enormous size of consumer market and etc., will certainly catch the attention of German companies interested to expand their businesses in Sub Continent.
He said that Pakistan is severely hit by a horrifying energy crisis that has badly affected our industries. We have never been as much in need for renewable energy sources as today.
Germany biggest supporter of GSP Plus status to Pakistan
The Ambassador said that the GSP plus status to Pakistan will help strengthen this country economically besides improving its trade relations with European Union countries. He said that German government was well aware with the ongoing energy crisis in Pakistan and ready to extend every possible help to this regard. He said that Germany has made remarkable progress in alternate energy sector. He said it was an encouraging sign that a number of German companies had already signed MoU in energy sector.
He said that private sector in Pakistan should join hands with their German counterparts to overcome energy challenge, the country has been facing for the last many years. The Ambassador said that tourism and trade fairs & exhibitions could help highlight Pakistans soft image to the outer world therefore, both the government and the private sector should focus in these two areas.
He said that these are the proven tools that always contribute immensely when it comes to revival of economic activities in any part of the world.
LCCI President Frooq Iftikhar said that Pakistan offers a great potential for foreign investment. It has a strategic location with abundant raw materials. Any investment made in Pakistan will automatically find its way to the regional countries which goes to the extent of Central Asian States.
He urged the Ambassador to motivate the German investors to consider Pakistan as a safe haven for investments in sectors like energy, livestock, dairy, beverages and etc.
He that factors like cheapest agriculture land abundantly available in Pakistan, enormous size of consumer market and etc., will certainly catch the attention of German companies interested to expand their businesses in Sub Continent.
He said that Pakistan is severely hit by a horrifying energy crisis that has badly affected our industries. We have never been as much in need for renewable energy sources as today.
Germany biggest supporter of GSP Plus status to Pakistan
