ISLAMABAD – Germany has hinted at making big investments in various sectorsin Pakistan.

Germany is keen to expand trade and investment ties with Pakistan,particularly in the area of small and medium-sized enterprises (SMEs).

“We see growing interest from the SMEs and this is a vast domain wheretrade and bilateral relations could be extended,” German Consul GeneralEugen Wollfarth said during his visit to the Pakistan Stock Exchange (PSX)on Wednesday.

Recalling that a German business delegation paid a five-day visit toPakistan in October 2018, Wollfarth noted that substantial efforts weremade to attract businessmen from big companies, however, most of them werealready present in Pakistan.

Discussing a proposal to transform the German-Pakistan Chamber of Commerceand Industry into one that stood on a par with German standards, he pointedout that such a move would lead to more German businessmen visitingPakistan.

He anticipated that the ongoing stabilisation programme in Pakistan wouldbear fruit. “The good news is that…Pakistan will continue stabilisation inthe country,” the consul general said, referring to the announcement ofsecond mini-budget later in the day.

He insisted that the stock exchange was an important and integral part ofan economy as it promoted investment.