More German companies entering Pakistan, says envoy
Business relations between Pakistan and Germany are gradually improving, said German Consul General Rüdiger Lotz at an event held at the consulate on Tuesday. In the last six months, five new companies from Germany have entered Pakistan, noted Florian Walther, the Pakistan representative at the German Emirati Joint Council for Industry and Commerce. “The level of interest I’ve seen around trade, investment, and expansion into Pakistan has increased since I joined last year,” said Mr Walther in comments hours before India’s strikes on Pakistan. Giving a sneak preview of the AHK World Business Outlook to be released in the upcoming month, Mr Walther said the business sentiment in Pakistan was ‘cautiously upbeat’. Referring to a survey conducted about a month ago, he said firms in Pakistan feel confident about their own prospects but are reserved about their stance on the macroeconomic side.