Germany for more trade with Pakistan


LAHORE: With a young and growing population of nearly 200 million people, Pakistan is an interesting market which cannot be ignored in the long-run by multinational companies, said the German Ambassador to Pakistan, Ina Lepel on Tuesday.

She was speaking at the inauguration ceremony of Bosch’s office in Lahore, the first in the country.

“Bosch’s latest venture is an important milestone in our bilateral economic relations with Pakistan,” the German Ambassador said.

The German Ambassador noted that Pakistan was expected to register a steady GDP growth rate of 4.5 per cent over the next two years according to the International Monetary Fund, with lower inflation positively affecting domestic purchasing power.

Reflecting on Pakistan’s economic growth, President Bosch Turkey and Middle East, Steven Young said: “We are keen to be part of Pakistan’s rising growth story.”

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