Foreign direct investment: German investors express interest in Pakistan

Two separate delegations look at energy sector, port Qasim for investment.

APP July 17, 2013
A German delegation informed the federal ministe for industries and production that the company is interested in management, rehabilitation, maintenance and repair of the jetty at Bin Qasim. PHOTO: PID

PESHAWAR: A delegation led by German Counsellor in Pakistan Mandy Zeckra and Director German Development Bank Dr Anna Christine Janke met with Provincial Minster for Energy in Khyber-Pakhtunkhwa (K-P) Sikander Sherpao, to discuss investments by Germany in the energy sector.

Sherpao asked the delegation to help harness the power generation potential of the province through investments and support in the energy sector, specifically hydel power plants. The delegation was briefed about energy generation potential in K-P and current projects.

The German Counsellor assured the minister that her government would initiate consultation meetings with the provincial government to either invest in or support to energy sector.

The senior minister expressed gratitude to the German delegation for their interest in the energy sector and over the short visit to the province.

Earlier on Wednesday in Islamabad, another delegation from the German private sector announced plans to invest $40 million on an iron ore coal berth at Bin Qasim, over a period of five years. The delegation met with Federal Minister for Industries and Production, Ghulam Murtaza Jatoi to brief him about the proposal. The delegation informed the minister that the company is interested in management, rehabilitation, maintenance and repair of the jetty at Bin Qasim.

The investment will increase the off-loading capacity at the berth and shorten the supply time from berth to the Steel Mills which will eventually reduce the cost of imported coal substantially.

The federal minister welcomed the proposal by the company and assured them that it will be taken seriously, saying that the current government is making determined endeavours to bring foreign investment to Pakistan.

The minister constituted a committee to look into the proposal in detail and furnish its report as soon as possible.

Published in The Express Tribune, July 18th, 2013.

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mush | 10 years ago | Reply

oil establishment..what is this..haha..nigerian scam...

Janet kyeraa | 10 years ago | Reply

Hi, am based in Germany and from Ghana I've had a business proposal from my Government involving the oil establishment in Ghana and wanted to know if you interested. Thanks this my phone number 015212154778

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