AGL 38.54 Increased By ▲ 0.97 (2.58%)
AIRLINK 129.50 Decreased By ▼ -3.00 (-2.26%)
BOP 5.61 Decreased By ▼ -0.03 (-0.53%)
CNERGY 3.86 Increased By ▲ 0.09 (2.39%)
DCL 8.73 Decreased By ▼ -0.14 (-1.58%)
DFML 41.76 Increased By ▲ 0.76 (1.85%)
DGKC 88.30 Decreased By ▼ -1.86 (-2.06%)
FCCL 35.00 Decreased By ▼ -0.08 (-0.23%)
FFBL 67.35 Increased By ▲ 0.85 (1.28%)
FFL 10.61 Increased By ▲ 0.46 (4.53%)
HUBC 108.76 Increased By ▲ 2.36 (2.22%)
HUMNL 14.66 Increased By ▲ 1.26 (9.4%)
KEL 4.75 Decreased By ▼ -0.11 (-2.26%)
KOSM 6.95 Increased By ▲ 0.10 (1.46%)
MLCF 41.65 Decreased By ▼ -0.15 (-0.36%)
NBP 59.60 Increased By ▲ 1.02 (1.74%)
OGDC 183.00 Increased By ▲ 1.75 (0.97%)
PAEL 26.25 Increased By ▲ 0.55 (2.14%)
PIBTL 5.97 Increased By ▲ 0.14 (2.4%)
PPL 146.70 Decreased By ▼ -1.70 (-1.15%)
PRL 23.61 Increased By ▲ 0.39 (1.68%)
PTC 16.56 Increased By ▲ 1.32 (8.66%)
SEARL 68.30 Decreased By ▼ -0.49 (-0.71%)
TELE 7.23 Decreased By ▼ -0.01 (-0.14%)
TOMCL 35.95 Decreased By ▼ -0.05 (-0.14%)
TPLP 7.85 Increased By ▲ 0.45 (6.08%)
TREET 14.20 Decreased By ▼ -0.04 (-0.28%)
TRG 50.45 Decreased By ▼ -0.40 (-0.79%)
UNITY 26.75 Increased By ▲ 0.35 (1.33%)
WTL 1.21 No Change ▼ 0.00 (0%)
BR100 9,806 Increased By 37.8 (0.39%)
BR30 29,678 Increased By 278.1 (0.95%)
KSE100 92,304 Increased By 366.3 (0.4%)
KSE30 28,840 Increased By 96.6 (0.34%)

Pakistan has to sign some international agreements to get Generalised System of Preferences (GSP) plus status and faculties for boosting its export to Germany and other European Union (EU) countries. The Consul General of Germany, Dr Christian Brecht said this while speaking at a meeting of Karachi Chamber of Commerce and Industry (KCCI) held on Wednesday.
Furthermore, the consul general said, I as consul general agree with KCCI that two-way rates should be increased. He said that a German company, Cash and Carry, is already engaged in business activities in Pakistan, while another company, working on a wind power project at Jhumpir, will start functioning soon, which will produce a total of 50 MW electricity, the project is likely to be inaugurated by Prime Minister of Pakistan.
He said that Pakistan-German business forum could play a major role in boosting two-way trade, as at present two-way trade has reached $2 billion, which can be increased to $5 billion in the next three years with little efforts.
Although, Dr Christian Brecht said that international economic crisis has also adversely hit German economy, political uncertainty in Pakistan and failure of foreign media to present a better perception of Pakistan have damaged the image of the country, therefore, in these conditions it is very difficult for German Chamber of Commerce (GCC) to advise business community to visit Pakistan. The consul general was of the view that Pakistan should concentrate of development of agriculture sector besides industries. Replying a question about anti-dumping duty, Dr Christian said that the issue is under consideration. Speaking on the occasion President KCCI, Anjum Nisar emphasised the need for increasing export of non-traditional items to Germany.

Copyright Business Recorder, 2009

Comments

Comments are closed.