German companies keen to invest in Punjab’s tourism sector

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Staff Reporter
Lahore

Consortium of German Companies has shown their interest in investment in Punjab’s tourism sector.

This development was made in a meeting of representative of the Consortium in Pakistan who called on Adviser to Chief Minister on Tourism Asif Mehmood, here on Monday.

Secretary Tourism and Archaeology Department (TAD) Capt. Retired Mushtaq Ahmed was also present during the meeting.

Shamoon Sadiq, representative for German investment companies Neoquell and CWF offered that both firms intended to make college of tourism and other institutions at piece of land at Harbanspura, Lahore owned by TDCP.

“Besides we are also considering investment at Dharabhi Lake, Chakwal, tourist spot at DG Khan”, said the representative.

Adviser to CM on Tourism, Asif Mehmood while welcoming the offer said that public-private partnership was being encouraged for developing tourism facilities in Punjab.

“Thanks to the vibrant policies introduced by Prime Minister, the confidence of foreign investors has raised manifold”, observed the Adviser.

He said that the Managing Director of TDCP will kick off the initial talk with the German consortium.

Secretary TAD Mushtaq Ahmed assured that all facilities will be provided to the Germans. “We are looking for positive outcomes”, he said.