Germany to help investors for investing in Pakistan

[Edevelop]

ISLAMABAD: German Ambassador to Pakistan, Cyrill Jean Nunn here on Monday said that his government was ready to provide necessary help to German investors for making investment in Pakistan.
Addressing the business community at Islamabad Chamber of Commerce and Industry (ICCI), he said that there were vast prospects of mutual cooperation between the two countries to further strengthen the trade relations.
He also discussed a range of subjects related to the bilateral relationship between Germany and Pakistan, including the cultural, political and economic dimensions.
He said that among the major sectors, Germany works with Pakistan in sectors like energy, health and governance.
"Germany considers trade the best form of cooperation between countries", he said.
He observed that within the European Union, Germany is the largest trading partner of Pakistan and said that Germany has an interest in seeing the EU engage with Pakistan.
Mr.Cyrill said that Pakistan and Germany are enjoying balanced volume of trade that stood around $2.2billion. He said that there is huge demand of Pakistani textile products in German markets as well as he identified tourism as a potential sector of mutual interest and said that Pakistan should also focus this area to promote tourism.
Speaking on the occasion, Zafar Bakhtawari, President ICCI said that Pakistan and Germany are enjoying historically good relations, thus, more German companies should come Pakistan and make investment in the areas of their interests.
ICCI President said that Germany is meeting its energy needs by vastly using wind technology and solar electricity systems installed all across the country in addition to hydel resources.
Pakistan presents a huge scope for German investors to set up projects of producing alternate energy, he added.
He thanked Germany for its support in getting enhanced market access for Pakistani products in the EU and appreciated the positive role of Germany in restoring peace in Afghanistan.
He said that any investment made in Pakistan will automatically find its way to the regional countries, which goes to the extent of Central Asian States.

Germany to help investors for investing in Pakistan