ISLAMABAD: The government of Germany has expressed interest to invest in Pakistan, by introducing German automobile products in the country.
In this regard German Ambassador Ina Lepel held a detailed meeting with Federal Minister for Industries and Production Ghulam Murtaza Khan Jatoi and deliberated on various options for promotion of German automobile companies’ share in Pakistani industry.
According to Ministry of Industries and Production, the Minister formally welcomed the ambassador who has been recently appointed in Islamabad and explained the role of the Ministry of Industries and Production in detail to the Ambassador and apprised her of how, through provincial decentralization, the provinces have significant control over their industries.
The automobile industry was also discussed in the meeting and the Ambassador discussed the promotion of German auto companies with the Minister. Industrial Parks were also a topic of discussion as the Minister explained how they are necessary to give companies incentives and tax relaxation for foreign companies who want to set up industries within Pakistan. The Minister said that industries for new technology can be set up anywhere in Pakistan and are not bound to industrial parks. The Minister also stressed how the Ministry of Industries and Production uses subsidies to make food products more affordable to the massed through the network of stores of Utility Stores Corporation (USC) of Pakistan.
