German firms invited to invest in Pakistan

BERLIN: Abdul Basit, Pakistan’s ambassador to Germany, has asked the German companies to take full advantage of the bilateral investment treaty, which provided sovereign guarantees for foreign investment in Pakistan, according to a statement.

Addressing a seminar on “Agriculture in Pakistan” on the sidelines of the Green Week commenced in Berlin on Saturday, the ambassador said that Pakistan despite challenges is moving forward and has made many strides in various sectors of the economy.

With foreign investment and technology, Pakistan could not only feed its region but also supply food around the world, he said.

The German side at the seminar was represented by Dr Gred Mueller, state secretary for federal ministry of food, agriculture and consumer protection, it said.

Mueller underlined the deep and diverse relationship between Pakistan and Germany and said that Germany is ready to assist Pakistan in developing its agricultural sector through German investment and technology.

Michael Wiedmann, vice president of Metro Group, also attended the event and made a presentation on the Metro’s exceptional investment experience in Pakistan, according to the statement. 

He said that Metro is fast expanding its presence in Pakistan as opening and doing business in Pakistan is far easier than in any other South Asian country.

Senior officials of Pakistan Horticulture Development and Export Company and the Sindh Board of Investment made detailed presentations on investment opportunities in the agriculture sector of Pakistan.

The seminar was attended by scores of German businessmen. It was arranged by the Embassy of Pakistan in collaboration with the German Near and Middle East Association (NUMOV).

Helene Rang. Chief executive officer of NUMOV, appreciated the opportunities offered by Pakistan in the agriculture sector, it said. Packets of Basmati and Kinoo were presented to the participants at the end of the seminar.

Muhammad Ramzan Rafique
Muhammad Ramzan Rafique

I am from a small town Chichawatni, Sahiwal, Punjab , Pakistan, studied from University of Agriculture Faisalabad, on my mission to explore world I am in Denmark these days..

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