ISLAMABAD: The Board of Investment (BoI) Chairman Haroon Sharif on Thursday called for strengthening the economic cooperation between Pakistan and Germany.
While speaking at the Pakistan-Germany Investment Forum, organized by the BoI Mr Sharif said the economic cooperation between both countries had exhibited a positive trend in recent years.
The Pakistan-Germany Investment Forum was attended by a German delegation from the Bavarian Ministry of Economy, Energy and Technology German Federal Chamber of Commerce and Industries.
While talking about the investment climate, Mr Sharif highlighted Pakistan was open for business and called investors to take advantage of the chances, especially in the large consumer market.
The BoI chairman pinpointed Pakistan was the gateway to Western China after the commencement of the China-Pakistan Economic Corridor (CPEC) and was a logistics hub.
Moreover, Mr Sharif mentioned information technology, food and dairy and services and renewable energy as the major sectors which needed investment.
Aside from the investment, the BoI chairman called for forging partnerships and reviewing other opportunities.
And the PM Adviser on Commerce, Textile, Industries, Production and Investment Abdul Razak Dawood while speaking stressed that Pakistan was dealing with macroeconomic challenges successfully.
Mr Dawood said the security situation had improved greatly in the country and “all these advantages coupled with a friendly investment policy offer ideal opportunities for investment in Pakistan.”
He appreciated Germany’s steadfast support for Pakistan in getting the GSP+ status for the EU market and emphasized the need for further boosting exports.
He called the German delegation to explore business opportunities in their visit to information technology incubation centres where young entrepreneurs were generating new ideas.
