To explore new business avenues in the agricultural sector, German farm minister will arrive in Pakistan in a couple of months while a German auto giant is making huge investment by establishing a manufacturing plant in Pakistan, says German Embassy’s Commercial Section Head Samy Saddi.
Speaking at the Lahore Chamber of Commerce and Industry (LCCI) on Wednesday, Saddi said German auto giant MAN is putting up a truck and bus manufacturing plant which would not only create a large number of job opportunities but would also send positive signal to investors in other developed countries.
The diplomat said other German companies were also planning to make investment in alternative energy to help Pakistan overcome the energy crisis.
Saddi spoke about measures being taken by the German government to strengthen bilateral economic relations and said the upcoming visit of agricultural minister was very much part of these efforts.
LCCI President Irfan Qaiser Sheikh said continuous fall in bilateral trade called for appropriate sector-specific, result-oriented measures by both sides as the existing trade volume of $1.9 billion did not correspond with the great potential the two countries had.
Published in The Express Tribune, February 23rd, 2012.
COMMENTS (8)
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@SI: India should give up this silly pak MFN on issues like pakistan's balochistan terrorism and creating kashmir violence via militancy and false propaganda.
@sohaib: looking to hurt pakistan?? of so, its just a reply to your doings
@fahim None of the brands you mentioned are exported from India. all of them are made for Indian consumption. And there is no need to grant India MFN status. It does not deserve it. The Indians who comment on these pages reflect a mindset that is arrogant, condescending and looking to hurt Pakistan. There cant be a partnership with people of this type of ideology.
What a good news to hear. Any investment in manufacturing sector at this point in time is a God send thing for country.
Almost all major german companies have massive manufacturing bases in India including VW, BMW, Audi, Skoda, Mercedes that they not only use for domestic sales but also export to SE Asia, South Asia, Africa, Latin and Middle East. If MFN is signed, we can import these cars made next door at much less price because of economies of scale. I dont think it makes sense for having high end BMW manufactured here, when annual sales will be less than 100 cars, that too to a bunch of politicians and the all powerful.
Finally, we will get an opportunity to have German Trucks and Buses on Pakistani roads. Gooooooooood
Its good to hear good news and foreign investment coming to Pakistan.
its a good news jaye gemany.