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Shaukat Tarin invites German enterprises to make investment in Pakistan

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ISLAMABAD, Pakistan: The Federal Minister for Finance and Revenue Shaukat Tarin has invited the German enterprises for making investment in Pakistan in the fields of health, education, agriculture and power sector, and assured all possible support and facilitation in improving the trade and economic relations between the Countries.

In a meeting with the Ambassador of the Federal Republic of Germany His Excellency Bernhard Schlagheck at the Finance Division in Islamabad on Thursday, the finance minister said that Pakistan and Germany enjoy close, amicable and multidimensional relations over the years.

The finance minister said that both Pakistan and Germany are keen to further strengthen business and economic linkages as well as people-to-people contact between the two Countries.

The minister also apprised the German ambassador that the government is firmly committed to putting the Country on a trajectory of all-inclusive and sustainable economic growth.

To attain this, the government has revived the long-term planning process under the umbrella of the Economic Advisory Council (EAC).

The minister told that with a focus on reducing poverty, the EAC will formulate short, medium and long term plans to spur growth in key priority areas.

Shaukat Tarin said that the government also stands committed to revive the business and industry that has been hit hard amid COVID-19. He added that the ultimate focus of the government is employment generation, efficient resource mobilization and industrial growth.

The finance minister further underlined that the government is vigorously pursuing pro-people agenda to promote economic empowerment of the under-privileged women through Ehsaas safety net. He said that Ehsaas provides direct cash support for socio-economic uplift and financial inclusion of women from marginalized sections of the society.

The minister said that the government will also offer loans to young entrepreneurs for self-employment schemes under the Kamyab Pakistan Program which will be launched soon.

The finance minister said that the government will also extend credit facility to young farmers to promote youth engagement and to boost agricultural productivity. He said that this will usher in a new era of agro-based industrial progress in the Country.

The Prime Minister’s Special Assistant on Finance and Revenue Dr. Waqar Masood was also present during in the meeting.

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