German, Italian investors interested in investing in Pak

15 Feb '20

1 min read

Pic: Shutterstock

German and Italian investors and manufacturers have evinced keen interest in the Allama Iqbal Industrial City, a prioritised special economic zone of Faisalabad Industrial Estate Development and Management Company (FIEDMC) under the China-Pakistan Economic Corridor (CPEC), according to FIEDMC chairman Mian Kashif Ashfaq, who is touring Europe.

Ashfaq said a delegation of investors and manufacturers from Germany would soon visit Pakistan to explore business opportunities and FIEDMC would provide them all required assistance in this regard, according to Pakistani media reports.

He said German textile machinery would help Pakistani manufacturers improve quality of products and reduce cost of business.

Pakistani textile exports to Germany witnessed an upward trend of 16 per cent after Pakistan got generalised scheme of preferences plus status.

Similarly, Italian investors are also keen to invest in LPG, energy, hydropower, mining, agriculture machinery, food processing, automotive, telecommunication, oil and gas and marble sectors, he added.

Fibre2Fashion News Desk (DS)

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