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Press Release - BOI Organized Pakistan-Germany Investment Forum


10/25/2018

Prime Minister’s Office
Board of Investment
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PRESS RELEASE
 
Islamabad the 25th Oct, 2018: Board of Investment (BOI) organized Pakistan-Germany Investment Forum in Islamabad on 25th October, 2018, where a large German business delegation from the Bavarian Ministry of Economy, Energy & Technology and German Federal Chamber of Commerce & Industries participated. The delegation comprises of around 40 companies including two officials of the Bavarian Ministry and one from the German Chamber.
 
The German companies include sectors encompassing Special Economic Zones, Electronics, Aerospace, Industrial Plants, Consultancy, Retail, Information Technology, Fintech, Dairy, Energy, Financial Sector, Technology, Education, Healthcare, Renewable Energy, Trade and Social Sector. Pakistan’s Honorary Consul, Dr. Pantelis Poetis, from the Bavarian region accompanied the delegation for coordination, while, Dr. Ulrich Rieger, Head of Asia & Africa from  the Bavarian Ministry of Economy, Energy & Technology led the delegation.
 
Welcoming the delegation Minister of State/Chairman, Board of Investment Mr. Haroon Sharif noted that the economic partnership between Pakistan and Germany is showing positive trends in the recent years however, needs further strengthening. He also highlighted the role of BoI in the area of Investment promotion and facilitation. 
 
Speaking about the investment climate, the Chairman, BoI emphasized that Pakistan is open for business and all investors are welcome to take benefit in particular from the opportunities that lies in large consumer market where average age of 100 million of Pakistan’s population is below 35. Pakistan is also the gateway to western China after the launch of China Pakistan Economic Corridor and is the logistic hub. The prominent sectors in Pakistan for investment are Renewable Energy, Information Technology, Food & Dairy and Services. In addition to the financial investments the Chairman, BoI emphasized in tapping the opportunities, partnerships and other prospects.
 
Mr. Abdur Razzak Dawood, The Adviser on Commerce, Textile, Industries & production and Investment stressed that Pakistan is dealing with macroeconomic challenges successfully. All these advantages coupled with a friendly investment policy offers ideal opportunities for investment in Pakistan and the issues also presents an opportunity. The security situation in Pakistan has significantly improved. The Adviser also recognized that fact regarding Germany’s unwavering support for Pakistan for GSP+ in the EU market and urged further enhancing the exports of Pakistan as well as the German delegation to explore business opportunities during their visit to Information Technology incubation centers where young entrepreneurs are engaged with generating new ideas.
 
The Event was followed up by Presentation from Board of Investment highlighting the Investment opportunities available in Pakistan as well as the Investment Regime. Project Director, China Pakistan Economic Corridor, Ministry of Planning, Development & Reforms made a detailed presentation on the opportunities available in CPEC and informed that CPEC is open for partnership with other economies of the world while recognizing the German strength in Manufacturing and Technology. Presentations were also made by Ministry of Information Technology & Telecommunication, Ministry of National Health Services & Regulations, Ministry of Industries & Production, Minister of Energy (Petroleum Division), Ministry of Commerce, Punjab Information Technology Board, Alternate Energy Development Board and Private Power Infrastructure Board covering the opportunities as well as briefing the participants regarding the policies in the relevant sectors.
 
A B2B meeting with the local business community was held in the afternoon wherein; large numbers of representatives from all sectors attended the meeting for productive discussion and possible future collaborations.
 
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