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

Now you can follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Election uncertainty
Updated 27 May, 2023

Election uncertainty

All political actors must call a ceasefire and agree to hold polls on time.
Poorer nation
Updated 27 May, 2023

Poorer nation

The citizenry has been left decidedly poorer by this government’s mismanagement.
Subdued Games
27 May, 2023

Subdued Games

THE National Games are supposed to be a quadrennial celebration of Pakistan’s top athletes who showcase their...
Smoke and mirrors
Updated 26 May, 2023

Smoke and mirrors

Why did the PTI government allow the individual from whom the money had been forfeited to benefit from its return?
Spending spree
26 May, 2023

Spending spree

THERE can be little argument with the fact that Pakistan’s economy is in dire straits; as most economists of ...
Killer heat
26 May, 2023

Killer heat

AS temperatures soar faster and furiously, meteorologists conclude that extended hot spells will hit every year....