ISLAMABAD: Huge potential exists for business collaboration and joint ventures in medium-sized enterprises between Germany and Pakistan, said Martin Kobler, German ambassador to Pakistan on Friday.

The envoy said this in a meeting with Minister for Revenue and Special Assistant to the Prime Minister Haroon Akhtar Khan.

An official statement quoted Mr Kobler as saying that medium-sized companies were the strength of the German economy.

It would be good for businessmen from both German and Pakistan to forge business collaborations and join partnerships in the medium-sized enterprises in Pakistan, he said.

The number of German companies operating in Pakistan could increase substantially through greater initiative from the German-Pakistan Chamber of Commerce, Mr Kobler added.

Mr Khan called for re-doubling of efforts to strengthen business-to-business partnerships and forge new collaborations between Pakistan and Germany.

“Pakistan is an ideal market with vast opportunities for investment in many sectors of the economy and the German investors should benefit from our pro-investment and business-friendly policies to make healthy returns on their investments,” he said.

Mr Khan appreciated the ongoing local German business and investment and initiatives in Pakistan.

He hoped the number of German companies engaged in business in Pakistan would grow considerably.

Published in Dawn, February 10th, 2018