Tarin invites German enterprises to invest in Pakistan

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Amb. Bernhard Schlagheck greets Tarin for presenting a business friendly budget

Mohammad Arshad
Islamabad

Federal Minister for Finance and Revenue Shaukat Tarin, Thursday, invited the German enterprises for making investment in Pakistan in the fields of health, education, and agriculture and power sector and assured all possible support and facilitation in improving the trade and economic relations between the countries.

In a meeting with German Ambassador Bernhard Schlagheck, here, Finance minister said that the government would offer loans to young entrepreneurs for self-employment schemes under Kamyab Pakistan Program which will be launched soon.

It will also extend credit facility to young farmers to promote youth engagement and to boost agricultural productivity. This will usher in a new era of agro-based industrial progress in the country, he added.

The Ambassador congratulated the Finance Minister on presenting a growth-oriented and business friendly Federal Budget 2021-22 after taking all stakeholders on board. SAPM on Finance and Revenue Dr. Waqar Masood was also present during in the meeting.

While extending a warm welcome to Ambassador, the Finance Minister stated that Pakistan and Germany enjoy close, amicable and multidimensional relations over the years.

Both countries are keen to further strengthen business and economic linkages as well as people-to-people contact between the two countries, he added. .

In his remarks, the Finance Minister apprised that Government is firmly committed to putting the country on a trajectory of all-inclusive and sustainable economic growth.

To attain this, the Government has revived the long-term planning process under the umbrella of Economic Advisory Council (EAC). The EAC will formulate short, medium and long term plans to spur growth in key priority areas.

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