ISLAMABAD: The German investors have expressed interest to bring investment in various sectors and also observe new avenues to enhance the business and investment ties between Pakistan and Germany.
They expressed interest in dairy industry, communication, automobile and service sector as potential sectors in regards to investment in Pakistan, said a press release issued by BOI here on Wednesday.
During a meeting between Secretary Board of Investment (BOI), Ms. Fareena Mazhar and high level business delegation from Germany, the business delegate representing German AirLines ‘Lufthansa’ shared that ‘Lufthansa’ was really keen on resuming flight operations in Pakistan after 13 years.
German International Airlines ‘Lufthansa has shown interest in resuming flight operations to Pakistan after 13 Years to restore air connectivity between both sides.
The Secretary, in response to this, offered to arrange a meeting with the Minister for Aviation to ensure that the plan materializes.
The prospect of this development was earlier discussed in a meeting between the Secretary and German Ambassador to Pakistan, Bernhard Stephan Schlagheck held on September 08 2021.
The Secretary mentioned Food Processing, Automotive, IT, Energy, Textiles, Logistics and Housing and Construction sectors as some of the potential sectors for investment in Pakistan.
The German company Weidmüller also announced to start a production plant in Pakistan in the near future during the meeting. The company is an expert in the transmission of power, signals and data in industrial environments.
The delegation comprised 16 members, headed by Mr. Oliver Oehms, CEO AHK Dubai. It included several German business giants like Lufthansa, AHK, SIG MEA, Weidmuller Middle, Emltc Emerging Solutions among others.
All these companies have prominent presence in most parts of the world and are visiting Pakistan to analyze the business climate and explore lucrative investment opportunities in Pakistan.
They expressed interest in the dairy industry, communication, automobile and service sector as potential sectors in regards to investment in Pakistan.
The visit has come about as an encouraging prospect for Pakistan in terms of attracting new investment in several sectors and has been termed as a positive sign for the country’s economy by Secretary BOI.
During the meeting, Secretary BOI briefed the delegation on Pakistan’s investment policy, which has been formulated to create an investor friendly environment to attract foreign direct investment and provide equal treatment to foreign and local investors.
She mentioned Food Processing, Automotive, IT, Energy, Textiles, Logistics and Housing & Construction sectors as some of the potential sectors for investment in Pakistan.
