Business opportunities for German investors in Pakistan
Pakistan’s Federal Minister for Defence Production embraces German
On September 22, Pakistan’s Federal Minister for Defence Production Rana Tanveer Hussain welcomed Consul Dr. Poetis in the Ministerial Building. The Ministry is in charge of several state-owned manufacturing facilities and supports Pakistan’s Armed Forces with import and export related matters. Minister Hussain stated a keen interest in determining the potential for technological transfer by German cooperation partners. The opportunity of establishing joint ventures between Pakistani and German corporations represented by the POWERGROUP was discussed in particular.
SAIF Group to expand cooperation with German companies
In March of this year, the POWERGROUP’s CEO Dr. Poetis was invited by the board members of the Islamabad-based SAIF Group to present the concept ‚Made in Pakistan with German Engineering‘. The SAIF Group is one of the leading industrial and services conglomerates of Pakistan, with particular emphasis on telecommunications, textiles, real estate development, and more recently oil and gas exploration. Based on Dr. Poetis‘ recommendation, the SAIF Group subsequently extended their cooperation with German manufacturers and launched negotiations with further German companies introduced by the POWERGROUP.
Anwar Saifullah Khan, Co-Chairman of the SAIF Group, took the opportunity of the meeting on September 23 to emphasise the regulatory, political and social context of Pakistan‘s business environment which enables to successfully operate joint ventures in Pakistan and sets the groundwork to enhance the German-Pakistan business relationship.
Pakistan’s premier logistics and construction organization
On the same day, Dr. Poetis was invited to meet Lt. General Javed Mahmood Bukhari, Officer in Charge at National Logistics Cell (NLC) of Pakistan. Dr. Poetis expressed his gratitude towards Lt. General Bukhari and his staff for this rare opportunity to visit the NLC premises. Lt. General Bukhari and Dr. Poetis discussed current and future logistics and construction projects which will further strengthen Pakistan’s position as geo-strategic hub and economic link to China. Moreover, do these projects provide cooperation opportunities for international development partners. Dr. Poetis agreed to conduct research on suitable partners for NLC and introduce them for concrete project negotiations.
Pharmaceutical research and advances in regulations
Raheel Akhtar Yousafzai Khan, Chairman of the Drug Court Islamabad, called on Dr. Poetis to discuss the judicial system with special regards to the role of the Drug Courts in Pakistan. Established by the Federal Government, the Pakistani Drug Courts aim to regulate the Pakistani pharmaceutical industry and support chemists and hospitals in their research. Best practise cases are being shared by the courts in order to support Pakistani researchers in their work.