BERLIN – Pakistan’s Ambassador to Germany Abdul Basit has said that German investors should take full advantage of the Bilateral Investment Treaty which provided sovereign guarantees for bilateral investment.
The ambassador was addressing a seminar on “Agriculture in Pakistan” on the sidelines of the Green Week in Berlin.
The German side at the seminar was represented by Dr Gred Mueller, State Secretary for Federal Ministry of Food, Agriculture and Consumer Protection. In his remarks, Mueller underlined the deep & diverse relationship between Pakistan and Germany.
He said Germany was ready to assist Pakistan in developing its agricultural sector through German investments 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. He observed that Metro was fast expanding its presence in Pakistan as opening and doing business in Pakistan was far easier than in any other South Asian country.
The detailed presentations were made on investment opportunities in the agriculture sector of Pakistan by the senior officials of the Pakistan Horticulture Development and Export Company and the Sindh Board of Investment. It was followed by a lively Question & Answer session.
Replying to a question, Ambassador Basit said that Pakistan despite challenges was moving forward and had made many strides in different sectors of the economy. He said that with foreign investments & technology, not only could Pakistan feed its region but also supply food around the world.
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). Mrs Helene Rang, CEO of NUMOV, appreciated the opportunities offered by Pakistan in the agriculture sector.