Pakistan and Germany Collaborate to Facilitate the Local Business Community


A courtesy called was paid by the ambassador of Germany to Pakistan, Mr. Bernhard Stephan Schlagheck to the Federal Minister for Economic Affairs, Mr. Muhammad Hammad Azhar.  They both agreed to facilitate the local business community. The aim is to improve the transfer of technology and establish joint ventures and trade delegations.

In order to ensure sustainable economic development in Pakistan via the technical and vocational training, the ambassador said that there must be closer ties between the German embassy and the Economic Affairs Division, as per the press statement. It is important to increase trade between the two countries and provide market access.

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The German government was thanked by the Minister for the grant assistance for improving the lives of the people. Also, he congratulated Mr. Bernhard Schlagheck for being successful in concluding the government to government negotiations between the two sides. The German government committed to provide €109 million to Pakistan to work in energy, governance, and economic development sectors.

The ambassador was briefed by the minister for economic affairs regarding the ongoing and planned development priorities of the present government. These include a focus on transparency, institutional reforms, poverty mitigation, human resource development, and green energy.

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