The Board of Investment (BoI) Chairman—Haroon Sharif on Thursday talked about strengthening the economic ties between Pakistan and Germany.
While speaking at the forum of Pakistan-Germany Investment which was organized by the BoI—Mr Sharif, he said that the economic cooperation between the two nations had shown a positive trend in recent years.
The forum was attended by a German delegation from the Bavarian Ministry of Economy, Energy and Technology German Federal Chamber of Commerce and Industries.
While conversing about the climate, the BoI chairman stressed that Pakistan was open for business and called the investors to take benefit of the provided chances, especially in the extensive consumer market.
Mr Sharif indicated that Pakistan was the gateway to Western China after the beginning of the China-Pakistan Economic Corridor (CPEC) and a logistics centre.
Furthermore, the BoI chairman said that food, technology, dairy services and renewable energy are the major divisions that require investment.
Besides investment, the BoI chairman asked for building ties and reviewing the available opportunities.
Abdul Razzak Dawood—the PM Adviser on Commerce, Industries, Production, Textile and Investment while speaking on the occasion said that Pakistan was dealing well with its macroeconomic challenges.
He also said that the security situation has improved also and all of this along with a friendly investment policy provides ideal opportunities for investment in Pakistan.
He applauded the efforts placed by Germany to support Pakistan in getting the GSP+ status for the EU market and stressed the need to further increase exports.
He asked the German delegation to search for business opportunities in their visit to the IT incubation centres where the young entrepreneurs were producing creative ideas.