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Secretary Planning, Development & Reform Zafar Hasan has said that the Government is focusing on export-oriented policies to boost up the country’s exports and put economy on growth trajectory.
The Secretary said this while talking to a German Business delegation which headed by Deputy Ambassador to Pakistan Mr. Jens Jokisch called on him here at Islamabad on Wednesday. Members Planning Commission and senior officials of the Ministry were also present in the meeting.
The Secretary said that the present Government is cognizant of issues plaguing the national economy and is endeavoring to overcome challenges through effective economic policy making. He added that measures are being taken to enhance tax to GDP ratio. He apprised that security situation in the country has improved significantly over the past couple of years and Pakistan is fast emerging as an attractive destination for foreign investment.
The Secretary underlined that there are several potential areas where German companies could invest to mutual benefit of two countries. He emphasized that the Government is committed to enhance trade. ‘We are looking for trade and not aid’, stated the Secretary. He called for launching joint ventures in collaboration with local companies and transfer of technology especially related to hydropower generation. He said that the base of CPEC is being expanded and it is open to third party participation under bilateral arrangement. He added that SEZs and EPZs under CPEC do not restrict participation by any other country on competitive bidding. ‘We would like German companies to invest in SEZ’s and EPZ’s under CPEC’, said the Secretary.
The visiting delegation expressed interest in exploring avenues for potential economic cooperation in future between the two countries.