Investment Surges with Germany-Pakistan New Trade

Pakistan’s Minister of Finance and Revenue Senator Muhammad Aurangzeb has reiterated Islamabad’s unstinted support to German investors, assuring easier repatriation of dividends and profits so that German companies can expand their businesses. While meeting with Germany’s Ambassador Ina Lepel, Aurangzeb also informed her about the current International Monetary Fund review mission, Pakistan’s improvement in all economic indicators, and strategies to achieve quantitative and structural targets under the IMF programme.

Aurangzeb lauded Germany’s technical and financial support and emphasized that Prime Minister Shehbaz Sharif is determined to allow the private sector to drive economic growth, particularly as Pakistan grapples with the aftermath of devastating floods as well as the wider effects of climate change. Ambassador Lepel also welcomed these developments, reiterating her backing for government efforts to make Pakistan more open to foreign investment.

The two leaders pledged to widen new opportunities for increasing trade, investment, and development cooperation between Pakistan and Germany as both leaders had a mutual interest in a more investment-friendly environment and private sector-driven prosperity.