Pakistan attracting foreign investors

Published February 25, 2006

ISLAMABAD, Feb 24: Chairman Senate Muhammedmian Soomro has said that Pakistan has great potential of emerging as an economic hub in the region and is presently an attractive destination for the foreign investors.

Mr Soomro was talking to Mr Peter Grosch, president Diehl Group of Companies, Germany who called on him in the Parliament House on Friday. During the meeting they discussed matters of common interest.

Mr Peter informed the Senate chairman that Diehl Group was one of the five biggest groups of Germany and that it comprised of 42 companies which were operational all over the world. He said that main purpose of his visit was to explore possibility of cooperation and joint ventures with Pakistan firms. He apprised Mr Soomro about the future investment plans of his group.

Mr Soomro pointed out that Pakistan was blessed with central and strategic location and offered the shortest route to Central Asia, Western China and South Asia. Besides, it served as a corridor for the potential investors/businessmen.

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