Pakistan-Germany to Boost Economic Cooperation

Economic Cooperation

Pakistan and Germany have shown interest in exploring the various options for potential economic cooperation in future.

As per the reports of local media, the understanding came during a meeting between the Minister for Planning, Development and Reform—Asad Umar and the German ambassador to Pakistan—Bernhard Schlangheck who called on him in the federal capital on Monday.

During this meeting, the two discussed mutual interest in the bilateral ties, especially in improving trade and in boosting the investment for the scope of the German firms in Pakistan.

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The minister stressed that the present government is inclined to boost trade ties with Germany.

Previously, on the 10th of October Pakistan and Germany had inked a deal for technical assistance under the Pakistan-Germany Development Programme of 23.4 million Euro.

The federal minister for Economic Affairs—Hammad Azhar had witnessed the signing ceremony of the Technical Cooperation Agreement with the Government of the Federal Republic of Germany.

Noor Ahmed—the economic affairs division secretary and the ambassador of Germany to Pakistan had inked the deal. The technical assistance would be provided to projects in the area of social protection, vocational education, and technical support for the local governance and betterment of the labour and social standards in the textile industry of Pakistan.

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