Berlin: As per the news source, Germany on Monday expressed its desire to increase investment in Pakistan’s various sectors and strengthen trade ties.

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At a joint press conference in Berlin, German Foreign Minister Heiko Maas and Pakistani Foreign Minister Shah Mahmood Qureshi agreed to strengthen bilateral relations, with a particular emphasis on trade and investments.

Qureshi’s visit, according to Germany’s foreign minister, is a successful opportunity to introduce new German initiatives and projects in Pakistan.

Maas expressed his delight at the interest of 35 German companies willing to invest in Pakistan, saying that the positive development would help Pakistan tap into its enormous business potential.

“Germany wanted to build up cooperation with Pakistan,” he stated.

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Foreign Minister Qureshi praised proposals for new German investment in Pakistan, saying that the country’s change in policy from geopolitics to geoeconomics could be a great opportunity for German firms.

“Incentives announced by the Pakistan government for foreign investors would make the country a hub of regional trade,” Qureshi said, emphasizing Pakistan’s desire to deepen, expand, and transform its economic ties with Germany.

In line with the government’s policy of a stable and green world, he said Pakistan might benefit from Germany in terms of technology transfer and projects relating to the supply and development of electric vehicles.

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He praised Germany for its support in assisting Pakistan in achieving GSP Plus status in the European Union (EU) and for refusing to allow the Financial Action Task Force (FATF) to become politicized.

Qureshi also thanked Germany for agreeing to supply 50 million Covid-19 doses by May, noting that Pakistan’s population of 220 million would necessitate more doses in the future.

He said German Chancellor Angela Merkel had done a fantastic job in the country’s growth, and that Prime Minister Imran Khan was eager to visit Germany.

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