Islamabad (TDI): German Ambassador Ina Lepel called on Finance Minister Senator Muhammad Aurangzeb at the Finance Division on Monday, where both sides reaffirmed their commitment to strengthening economic cooperation and expanding trade, investment, and development ties.
Welcoming the envoy, the Finance Minister thanked Germany for its continued technical and financial assistance to Pakistan and emphasized the importance of enhanced investment by German companies in diverse sectors of the economy. He provided an overview of recent improvements in key economic indicators, the progress made under the ongoing IMF review mission, and the government’s efforts to meet structural and quantitative benchmarks.
He briefed her on the ongoing IMF review mission and Pakistan’s progress on meeting quantitative and structural benchmarks under the program. The Minister also apprised her of the devastation caused by recent floods and the broader challenges posed by climate change.
He outlined the government’s commitment to fostering an investment-friendly environment, noting that the Prime Minister was clear and keen on letting the private sector lead the country’s growth.
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He assured the Ambassador of full support and facilitation for foreign investors, including German firms, in expanding their footprint in Pakistan, while ensuring ease in repatriation of profits and dividends and addressing allied matters.
Ambassador Lepel recalled her previous diplomatic assignment in Pakistan from 2013 to 2015, sharing her fond memories of that period. She discussed avenues for further promoting bilateral trade and investment and expressed support for the government’s efforts to achieve sustainable economic growth by encouraging private sector participation and foreign investment in a welcoming business climate.
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Both sides reaffirmed their commitment to strengthening Pakistan-Germany economic cooperation and to exploring new opportunities for trade, investment, and development partnership.
Sohail Majeed
Sohail Majeed is a Special Correspondent at The Diplomatic Insight. He has twelve plus years of experience in journalism & reporting. He covers International Affairs, Diplomacy, UN, Sports, Climate Change, Economy, Technology, and Health.
