July 26, 2007	Thursday	Rajab 10, 1428

ISLAMABAD, July 25: Federal Minister for Industries Jahangir Khan Tareen on Wednesday said that the government would facilitate German investors and would encourage them to make investment in various sectors of the country.

The minister was talking to a three-member delegation of M/c Class Group of Germany, which is interested in agricultural machinery and the purpose of their visit is to look for new vendors for casted and forged machined components.

The delegation arrived earlier in Lahore on July 21 and visited six industrial units there and Faisalabad for exploring possibilities of business links with them.

The minister pinpointed long-term business opportunities in Pakistan for the German firm and said with progress in dairy and farming sectors the market will expand and world class players would find the country more suitable for investment.

The delegation assured to bring technology and partnership in Pakistan in these fields. The delegation also briefed the minister about the possibility of a joint venture with a local company.

Earlier, the delegation visited the Engineering Development Board (EDB) and exchanged views with senior officers.

The German delegation expressed its dissatisfaction over the technology being used in manufacturing of tractors and said that it needed to be improved.