President Arif Alvi invites German investment in CPEC SEZs

Pakistani President Arif Alvi on Monday afternoon invited Germany to invest in Special Economic Zones (SEZs) being built under China-Pakistan Economic Corridor (CPEC).

Talking to the newly-appointed German Ambassador Alfred Grannas after receiving his credentials, the President mentioned that Germany was one of the largest foreign direct investors in Pakistan.

He said that German firms with expertise in wind and solar energy as well as in hydel power projects could take advantage of new sets of incentives offered by Pakistan in these sectors.

The President encouraged German investors to invest in SEZs under CPEC. He said that keeping in view the huge potential of business, trade and investment between the two countries, the existing level of bilateral trade needed to be substantially improved.

He stressed the need for bilateral cooperation between the two countries to mitigate the negative fallout of climate change and global warming against the backdrop of devastating floods in Pakistan.