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$2.6 billion trade: Qaim for increasing economic ties with Germany

byCustoms Today Report
20/02/2015
in Business
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KARACHI: Consul-General of Germany Dr Tilo Klinner has called on Sindh Chief Minister Syed Qaim Ali Shah here at Federation House and discussed trade ties between the two countries.

CM Qaim Ali Shah sought German investment in various sectors, particularly energy and infrastructure, necessary for economic revival and growth in trade and industry.

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The consul-general asked the FPCCI to sign a Memorandum of Understanding (MoU) with the German Consulate-General for cooperation and exchange of trade related information so that the level of bilateral trade between the two countries could be enhanced.

Dr Tilo said that Pakistan has made a lot of progress and is now gradually coming out from difficulties. He further said his country is keen to enhance trade and investment in Pakistan, especially in energy, sports, textiles and agriculture sectors.

The economical and financial development cooperation between Pakistan and Germany goes back to 1961, with trade investment exceeding $2.6 billion. Germany is now Pakistan’s fourth largest trade partner.

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