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CM urges Germans to invest in energy sector


Thursday, 27 February 2014   13:09:21

CM urges Germans to invest in energy sector

     LAHORE, Feb 26 (APP): Punjab Chief Minister Muhammad
Shahbaz Sharif has said that there are friendly relations
between Pakistan and Germany, and Germany is among big trading
partners of Pakistan.
      He was talking to German Ambassador in Pakistan Dr.
Cyrill Nunn who met him, here on Wednesday. Matters of mutual
interest as well cooperation in different sectors including
energy were discussed on the occasion.
     The CM also stressed the need to further increase the
volume of trade between the two countries.
     "There are vast opportunities of investment in energy and
other sectors in Punjab and German investors should benefit
from them", he said.
     He said that Germany can increase bilateral cooperation
in energy and other sectors as the shortage of energy
has affected national economy as well as all sectors of life.
     He said that controlling of energy crisis is essential
for promotion of business activities and stability of economy.
and the government is sincerely endeavouring to cope with the
problem.
     He said that special incentives are being offered to
local and foreign investors for investment in energy sector.
     He said that agreements have been signed with several
foreign companies which are being implemented expeditiously.
     He said that Germany has expertise in solar energy and
Punjab government wants to benefit from it.
     Shahbaz Sharif said that government has taken effective
measures for providing complete protection to foreign
investors in Punjab. He assured that German investors as well
as their capital will be extended full protection in the
province.
       German Ambassador Dr. Cyrill Nunn said that there is a
vast scope of bilateral cooperation between Pakistan and
Germany and promotion of trade relations can help strengthen
the bonds of friendship between the two countries.