'Germany is largest trade partner of Pakistan among EU'

[UmarJustice]

Germany is the largest trade partner of Pakistan among European Union and trade volume between the two countries is US $2.3billion, according to German Ambassador to Pakistan Dr Cyrill Nunn here on Tuesday. Both the countries are enjoying best political relations and it is need of the hour to further enhance trade relations, he added.

He said Pakistan having population of more than 189 million could be the best trade market for Germans to invest in the country. Germany is keen to invest in the country, said German Ambassador to Pakistan Dr Cyrill Nunn during his visit to the Rawalpindi Chamber of Commerce and Industry (RCCI) here on Tuesday. President RCCI Manzar Khurshid Sheikh, Senior Vice President Pervaiz Ahmed Warriach, Vice President Chaudhry Nadeem Rauf, former Presidents Sohail Altaf, Syed Ali Raza Shah, members' executive committee and other members of the Chamber were also present on the occasion.

Ambassador said that deteriorating law-and-order situation affecting the economic uplift in the country. He was of the view that security situation is not that much bad which is being projected in the Western media. "Business Community of Pakistan can play proactive role to build a positive image of the country in the world", he said.

He said that Germany is willing to offer her utmost assistance in every sector in which Pakistan is lacking behind. He said that Embassy will assist RCCI in organising Single Country Expo in Germany. He ensured his full cooperation to the President RCCI in this regard.

Speaking on the occasion President RCCI Manzar Khurshid Sheikh said that Rawalpindi Chamber is fully aware of the significance of enhancing trade relations among all the countries and the proof is RCCI had organised 10 single Country Expos this year. He also informed the honourable guest that RCCI focuses is to develop direct interaction between the business communities of two sides.-PR

'Germany is largest trade partner of Pakistan among EU' | Business Recorder

 

[national_crisis]

tell me a country which is not the largest trading partner of Germany?

 

[Asian.Century]

Germany eyes energy investments in Pakistan, says Merkel:

Courageous Malala is the identity of Pakistan: Merkel - Pakistan - DAWN.COM

 

[Bas_kya_bhai]

germany??? is that the country havin berlin in it?? berlin the place where people were heard shouting go nawaz go.

 

[Green Arrow]

Good

 

[Asian.Century]

PM woos German investors
APP
Updated Nov 11, 2014 07:32am

— AFP/File
BERLIN: Prime Minister Nawaz Sharif on Monday invited German entrepreneurs to invest in Pakistan and participate in its privatisation process, assuring it will be transparent and strictly in accordance with the international best practices.

“Pakistan is one of the most investor-friendly countries in the world. We allow 100 per cent foreign ownership, with no limit on repatriation of profits, dividends or other funds in the currency of the country of origin,” the prime minister said while addressing the Investment Forum here.

He said Pakistan would like to expand FDI (foreign direct investment) in energy, infrastructure development, food, pharmaceutical, chemicals, engineering, agriculture and agro-based industry, mining, and oil and gas exploration.

“Energy sector is our highest priority, and our biggest concern. Unless we overcome the problem of power shortages swiftly and effectively, there can be no meaningful development in the country,” he observed.He said Pakistan was focusing on improving the efficiency of existing power plants, addressing problems of power generation and distribution.

“At the same time, we have embarked on a massive programme of power generation, from all available sources, including hydro, coal, solar and wind,” he added.

Among hydel projects, Nawaz Sharif mentioned the two most important ones — the 4,500MW Diamer Bhasha Dam and 4,320MW Dasu power project.

Nawaz said he believed that entrepreneurship would lead to Pakistan’s economic prosperity. “Our government, therefore, accords high importance to facilitating private sector enterprises to expand business in Pakistan.”

“Today we have competitive, thriving, and growing private markets in the banking and telecommunication sectors,” he added.He said Germany had been a major investor in Pakistan. Large German companies like Merck, Hoechest, Bayer, BASF, Siemens, Linde and Metro had sizeable investment in Pakistan.

He said investment by small and medium entrepreneurs from Germany would not only increase Pakistan’s quantum of trade, but would also be beneficial to both countries. “We eagerly look forward to renewed German investment in Pakistan,” he added.

Published in Dawn, November 11th, 2014

PM woos German investors - Newspaper - DAWN.COM

 

[AZADPAKISTAN2009]

Does not matters we are still with China and Russia in next war