LAHORE: With a young and growing population of nearly 200 million people, Pakistan is an interesting market which cannot be ignored in the long-run by multinational companies, said the German Ambassador to Pakistan, Ina Lepel on Tuesday.

She was speaking at the inauguration ceremony of Bosch’s office in Lahore, the first in the country.

“Bosch’s latest venture is an important milestone in our bilateral economic relations with Pakistan,” the German Ambassador said.

The German Ambassador noted that Pakistan was expected to register a steady GDP growth rate of 4.5 per cent over the next two years according to the International Monetary Fund, with lower inflation positively affecting domestic purchasing power.

Reflecting on Pakistan’s economic growth, President Bosch Turkey and Middle East, Steven Young said: “We are keen to be part of Pakistan’s rising growth story.”

Published in Dawn, February 10th, 2016

Opinion

Editorial

18 May, 2022

SC on defections

THE judgement is monumental and will significantly influence Pakistani politics for years to come. After a nearly...
18 May, 2022

Karachi blast

THE frequency of urban terrorism incidents over the past few weeks in Karachi should send alarm bells ringing within...
18 May, 2022

Threats to Imran Khan

IT seems there is never a dull moment in Imran Khan’s life. First, it was a cabal of local and international...
Updated 17 May, 2022

Buyer’s remorse

It is strange to hear senior PML-N leaders lamenting the subsidies, yet not even coming up with a subsidy rationalisation plan.
17 May, 2022

Sikh traders’ killing

THE brutal murder of two Sikh traders in the outskirts of Peshawar on Sunday illustrates the vulnerability of...
17 May, 2022

Cholera outbreak

REPORTS of rising cases of cholera and acute watery diarrhoea in several areas are raising the spectre of a public...