Germany has made an investment of dollar 39.2 million during the current fiscal year so far, Nasreen Ali Director General Board of Investment said here on Saturday, 27/3/2010. There is an ample opportunity to increase bilateral trade between Pakistan and Germany, she added.

She was talking to a four-member delegation of Pakistan-German Business Forum led by Saifuddin Zoomkawala. Dr Islam Hamid, Mian Abrar Ahmed, Saleem Ahmed and some Board of Investment officials were also present on the occasion. Nasreen pointed out that only 2.97 percent of the global German investment is in Pakistan.

So the Pak-German Business Forum should carry out marketing among the German investors in an effective manner because Pakistan offers most lucrative investment opportunities in the region. For example, the cost of doing business is less as compared to China, India, Bangladesh, Sri Lanka, Egypt and Iran. She also said that a legislation on Special Economic Zone would be finalized soon.

The work on Japan Economic Zone is fast progressing. Similarly, special economic zones for other countries could also be set up. The delegation stated that it was working towards creating close relationship with the German investors and traders and with the co-operation of the BoI it would induce the German investors to invest in Pakistan more effectively.