Tarin meets German ambassador, invites German investment to Pakistan

The federal government has revived the long-term planning process under the umbrella of Economic Advisory Council (EAC) which will prioritize key areas such as FDI to boost economic growth.

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Federal Minister for Finance and Revenue Shaukat Tarin invited German enterprises to make investment in Pakistan in different fields including health, education, agriculture and power sectors.

In a meeting with Ambassador of Germany Bernhard Schlagheck, Tarin assured all possible support and facilitation in improving the trade and economic relations between the two countries. He said Pakistan and Germany enjoyed close, amicable and multidimensional relations over the years, adding both the countries were keen to further strengthen business and economic linkages as well as people-to-people contacts.

Read more: Germany ready to boost investment in Pakistan

The minister informed the ambassador that the government was committed to putting the country on a trajectory of all-inclusive and sustainable economic growth. For attaining this growth, the government has revived the long-term planning process under the umbrella of Economic Advisory Council (EAC).

The federal minister said the EAC would formulate short, medium and long term plans to spur growth in key priority areas, adding that the focus would be on reducing poverty. The government also stands committed to revive the business and industry that has been hit hard amid the Covid-19.

“The ultimate focus of the government was employment generation, efficient resource mobilisation and industrial growth,” he added.

He further underlined that the government was vigorously pursuing pro-people agenda to promote economic empowerment of the under-privileged women through Ehsaas safety net. Ehsaas, he explained, provided direct cash support for socio-economic uplift and financial inclusion of women from marginalised sections of the society.

Read more: Pakistan seeks to enter dual-nationality pact with Spain & Germany

He informed the envoy that the government would also offer loans to young entrepreneurs for self-employment schemes under the Kamyab Pakistan Programme which would be launched soon.

Courtesy: APP

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