German companies are interested in exploring joint venture and investment opportunities in various sectors of Pakistan, said German Emirati Joint Council for Industry and Commerce Chief Executive Officer Oliver Oehms.

Speaking at a session organised by the Punjab Board of Investment and Trade (PBIT) on Wednesday, he said that a few sectors such as aviation, communication, automobile, dairy and services had attracted the interest of German businessmen.

Terming the German delegation’s visit promising, he informed the participants that a number of productive business-to-business meetings were held in Karachi and Islamabad. He voiced hope that the delegation’s visit to Pakistan would strengthen ties between private sectors of the two countries.

Speaking on the occasion, Islamabad Chamber of Commerce and Industry President Sardar Yasir Ilyas Khan said that the German businessmen’s trip to Pakistan during Covid-19 displayed their keen interest in forging strong business ties.

He briefed the delegation about the business potential of Pakistan and highlighted the prospects of joint ventures in different sectors including infrastructure development, housing and construction, aviation, food processing, automotive and information technology.

He assured German investors of full assistance of the ICCI in connecting them with the Pakistani counterparts.

PBIT officials gave recommendations for strengthening business and trade ties between the two countries. They showcased a competitive canvas of potential investment opportunities in Punjab and the conducive business environment offered to foreign investors in Pakistan.

They spoke about the features of investment policy, which had been formulated to create an investor-friendly environment and to ensure equal treatment to foreign and local investors.

The German delegation comprised representatives of several enterprises, including Lufthansa airline.

Published in The Express Tribune, September 16th, 2021.

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