Mobile

German companies to invest in Pakistan’s Telecom and Energy Sectors

German Ambassador in Pakistan Ina Lepel, in a recent meeting with Finance Minister Ishaq Dar, informed that leading German companies are planning to invest in Pakistan’s energy and telecom sectors ahead of incentives given as per recent investor-friendly budget of Pakistan.

In a meeting held between German Ambassador and Pakistan’s finance minister Ishaq Dar, this Saturday, different topics of mutual interests came under review.

German Ambassador appreciated the increasing investor-friendly policies in Pakistan and communicated the encouraging responses of German Companies. She stated that the Pakistani domains are increasingly getting reviewed by the foreign companies. She explicitly appreciated the efforts of Finance Minister in raising an air of confidence among the investor group. She said that Pakistan now offers better opportunities than ever before.

Finance Minister acknowledged the efforts of German Mission in Pakistan and welcomed the promising responses of German Companies. He further explained that Pakistani Government will go with any strife to facilitate all of the foreign investors which land up on the Pakistani soil. He clearly mentioned that German companies can make full use of the open and liberal investment i offered by Pakistan.

It is evident that Pakistan has now been stealing eyes of foreign investors for quite some time. Pakistan was reclined from ‘Emerging Market’ status to ‘Frontier Market’ back in 2008 by MCSI, due to Terrorism and poor policies at the Government’s end. But it is now being seen as a rising marketplace economy with enormous future horizons, all thanks to investor-friendly policies and the on-going military operation curbing the menace of terrorism.

Foreign investments of up to $1 billion dollars are also expected until 2017-18. The MCSI is also planning to revert its decision which is sure to attract investment from foreign companies, provided Government continues to offer investor-friendly policies in future.

via Pakistan Today

Sponsored
Muneeb Ahmad

I love to talk about global tech-happenings, startups, industry, education and economy. Get in touch: muneeb@techjuice.pk.

Leave a Comment
Share
Published by
Muneeb Ahmad

Recent Posts

Indian Army Granted Authority to Directly Takedown Social Media Content

The Indian Army has been granted direct authority to manage social media content concerning its…

8 hours ago

NUST Achieves Global Recognition with 43 Researchers Among World’s Top 2% Scientists

In an extraordinary accomplishment for Pakistani academia, 43 researchers from the National University of Sciences…

9 hours ago

Khyber Pakhtunkhwa Govt Ready to Acquire PIA with Bid Exceeding Rs10bn

The Khyber Pakhtunkhwa (KP) government has officially informed the federal government of its intention to…

10 hours ago

PTA Cautions Public on Illegal and Unlicensed Forex Trading Platforms

The Pakistan Telecommunication Authority (PTA) has issued a stern advisory, warning citizens against investing in…

10 hours ago

Record Emigration: Economic Instability Forces Pakistan’s Best and Brightest to Depart

Economic challenges are prompting skilled workers to leave Pakistan, resulting in a significant talent drain…

13 hours ago

Russia’s Fine on Google Exceeds World’s Economy

A Russian court has fined Google for blocking state-run media channels on YouTube, imposing a…

1 day ago