Ger­many ready to help Pak­istan in re­new­able en­ergy: En­voy

The Pak Banker - - NATIONAL -

IS­LAM­ABAD: Ger­many is cur­rently fo­cus­ing on re­new­able en­er­gies and en­ergy ef­fi­ciency in Pak­istan in­clud­ing con­sul­tancy for in­di­vid­ual en­ter­prises on en­ergy con­ser­va­tion in their pro­duc­tion pro­cesses. Ger­many has fi­nan­cially sup­ported ma­jor hy­dropower projects and upgra­da­tion of dis­tri­bu­tion sys­tem in Pak­istan and the Pak­istan-Ger­man Re­new­able En­ergy Fo­rum will open soon for busi­ness.

This was stated by Am­bas­sador of Ger­many to Pak­istan, Ms. Ina Le­pel while ad­dress­ing busi­ness com­mu­nity at Is­lam­abad Cham­ber of Com­merce and In­dus­try (ICCI). She said a Ger­man busi­ness del­e­ga­tion along with Deputy For­eign Min­is­ter had al­ready vis­ited Pak­istan in last June while an­other del­e­ga­tion was en­vis­aged for Pak­istan dur­ing the se­cond half of this year to ex­plore new av­enues of mu­tual co­op­er­a­tion.

She said Ger­many's trade fig­ures with Bangladesh, Thai­land and Malaysia were much larger and Pak­istani busi­ness­men should make more ef­forts to pro­mote trade with Ger­many. Ms. Ina Le­pel said GSP Plus was a key driver for pro­mot­ing bi­lat­eral trade be­tween Pak­istan and Ger­many, adding that Ger­many was look­ing ways for help­ing Pak­istani busi­ness com­mu­nity to fully avail them­selves this fa­cil­ity.

How­ever, she cau­tioned that GSP Plus pref­er­ences should not be taken for granted as Pak­istan has to en­sure com­pli­ance with 27 in­ter­na­tional con­ven­tions in­clud­ing hu­man rights, gov­er­nance and la­bor stan­dards. She said Ger­many was one of main donors for the TVET re­form pro­gram in Pak­istan to pro­vide young peo­ple with skills and com­pe­tences re­quired by do­mes­tic and for­eign em­ploy­ers.

An­other pro­gram at the fac­tory level was aimed at en­hanc­ing the pro­duc­tiv­ity and im­prov­ing la­bor stan­dards which could give Pak­istani com­pa­nies com­pet­i­tive edge in Euro­pean mar­kets as Euro­pean con­sumers were will­ing to pay more for prod­ucts pro­duced ac­cord­ing to the in­ter­na­tional stan­dards. She said Ger­man Em­bassy was work­ing with the Pak­istani busi­ness com­mu­nity to strengthen the Ger­man-Pak­istan Busi­ness In­sti­tu­tions. The Am­bas­sador said Pak­istan-Ger­man Cham­ber of Com­merce and In­dus­try has been granted li­cense and hoped that it would fur­ther im­prove bi­lat­eral trade and eco­nomic re­la­tions be­tween the two coun­tries.

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