German Companies Plan To Invest In Telecom and Energy Sectors: Ms Ina Lepel

Islamabad: The German Ambassador to Pakistan Ms. Ina Lepel called on Finance Minister, Senator Mohammad Ishaq Dar here in Islamabad on Saturday. During the meeting both sides took stock the bilateral relations and fields in which both countries can work together.

In the meeting German Envoy Ms. Ina Lepel informed the Finance Minister, Senator Mohammad Ishaq Dar about leading German companies’ plan to invest in telecom and energy sectors in Pakistan. She added that she looked forward to the Government particularly the Finance Minister’s support for facilitating these companies.

13346994_1073745322671347_5499037548040026155_n

Finance Minister, Senator Mohammad Ishaq Dar welcomed the investment programme of the German companies and said that Government fully encourages foreign investment which is the key component of the growth policy it was now pursuing with full vigour. He said the government has announced a business friendly budget which offers incentives for industry. The German companies should make full use of the liberal investment regime that Pakistan offers, the Minister said.

Ms Ina Lepel thanked the Minister for the encouragement and support offered for investment by German companies. Senior officials of the Ministry of Finance and Federal Bureau of Revenue attended the meeting.

It is reminded Germany has been a long-standing partner of Pakistan in the energy sector and is currently contributing to the Government of Pakistan’s efforts to end load shedding.

13346440_1073745306004682_6549600283320444345_n

KfW Bank Group which is a German government-owned development bank has financed a number of power plants and grid stations. In its recent inclusion they installed a grid station at Village Nokhar in District Gujranwala to improve the supply of electricity to the dynamic economic area of Gujranwala. Germany is helping Government of Pakistan through its energy sector reform agenda with the ultimate objective to end load shedding for the benefit of commercial and private consumers of Pakistan.

 

About Arif Qureshi

Check Also

Ambassador of Japan to Pakistan expressed grief and sorrow over the loss of precious lives in a tragic train accident.

Islamabad: H.E. Mr. MATSUDA Kuninori, the Ambassador of Japan to Pakistan on Monday expressed grief …