LAHORE - German investors have appreciated transparency in the development projects in Punjab where they find an atmosphere very conducive to do business.

The German investors expressed strong interest in putting money in energy sector in Pakistan, particularly Punjab while assuring cooperation to the provincial government in other sectors of development.

A delegation of investors and heads of different German companies working in Pakistan led by State Secretary of Germany Federal Foreign Office Stephan Steinlein held this while meeting Punjab Chief Minister Muhammad Shehbaz Sharif here yesterday.

The State Secretary of Germany Federal Foreign Office and heads of German companies openly acknowledged the transparency in development projects in Punjab and appreciated the Punjab government policies in this regard. German Ambassador to Pakistan Ms. Ina Lepel was also present on the occasion. The State Secretary while talking to the Chief Minister said that he was pleased over the acknowledgement of transparency by the heads of German companies with regard to the projects in the province.

He said that Chief Minister Shehbaz Sharif is an active and dynamic person while his team is also determined and hardworking. He assured the Chief Minister that Germany will extend all out cooperation in resolving energy crisis in the country.

He said that senior officials of 17 big companies of Germany are accompanying him and full cooperation will be extended towards energy projects in Pakistan especially Punjab. He said that situation in Pakistan is much better and there is a favorable atmosphere for investment.

Senior Vice President of a prominent German company Siemens and other officials appreciated CM Shehbaz Sharif for ensuring transparency in development projects in Punjab. They said that though their company had not been able to get contract for gas power projects but the way bidding process and other matters were handled transparently is unprecedented. Consultant of German companies working in Pakistan also lauded transparency in solar power projects and said that an excellent environment has been provided for investment in Pakistan especially Punjab.

Speaking on the occasion, Shehbaz said that Pakistan and Germany should further promote trade and economic relations. He said that time has come to strengthen economic ties between the two countries and setting up of the office of Pakistan-German Chamber of Commerce & Industry at Lahore Chamber of Commerce & Industry will further boost these relations.

He said that Pakistan is facing the challenge of terrorism and energy crisis however, the government is determined to resolve these issues. He said that political and military leadership as well as Pakistani nation are united to root out the menace of terrorism. He said that due to supreme sacrifices of Pak Army, law enforcement agencies and police, the incidents of terrorism have substantially reduced.

He said that the war against terrorism will taken to its logical end and no effort will be spared in this regard. Shehbaz Sharif said that besides use of force, provision of education, health, jobs as well as skill development is essential for defeating terrorism and extremism therefore government is taking comprehensive measures for the uplift of social sector. He said that government is not only utilizing its own resources for resolving energy crisis but energy projects under CPEC are also being completed expeditiously. The Chief Minister said that acknowledgement of transparency in projects by German companies working in Pakistan is an honor not only for Punjab government but for the whole country. He said that solar, wind, hydel and coal power projects are being set up under CPEC and will result in availability of thousands of megawatts electricity. He said that CPEC will help in eliminating terrorism and extremism as it will create job opportunities as well as strengthen economic and industrial sectors. He said that increase in volume of trade between Pakistan and Germany is need of the hour and joint efforts are needed in this regard.