German Chancellor Angela Merkel congratulated Imran Khan on the success in the election and congratulated them as the Prime Minister.
News Time
Germany is the largest European partner in Pakistan. Germany is not only economically important country but also influences EU policies and the European Union’s most important decisions are the world’s fourth largest economy in Germany’s capital Berlin. Therefore, Germany is an important country for Pakistan. The relations between the two countries are being strengthened as they pass. German Chancellor Angela Merkel congratulated Imran Khan on the success in the election and congratulated them as the Prime Minister. And expressed desire to expand relations with Pakistan. German Chancellor invited the Prime Minister to visit Germany, Germany. Germany exports machines, chemicals, electronic products and vehicles to Pakistan and import textile and leather products from Pakistan.
According to figures of the 2016, the trade volume between Pakistan and Germany exceeded US $ 250 billion. There are plenty of opportunities for trade promotion in Pakistan and Germany. Pakistan and Germany should try to detect difficulties in the trade and try to overcome these difficulties. Germany specializes in many fields, especially development schemes, renewable energy and water management etc. And Pakistan can gain access to these fields. Pakistan can also help in the field of higher education and research from Germany. There are plenty of opportunities for investment in Pakistan, especially in infrastructure and Germany’s investors can benefit from it. Vocational Education Training is a sector where Germany, Pakistan can help. India’s business sector is standranded through good technical education and its qualifications will also increase the certificates of students and they can also follow the quality of quality, in addition, their credentials will also be recognized worldwide. The cultural and educational delegation of Pakistan should also be exchanged with Germany.
Activating the construction of energy, agriculture, health, education and infrastructure, German companies should join Pakistani traders. German companies should tell how many opportunities to invest in Pakistan are present. Every year in Germany, international trade shows of large number of vehicles, textile, leather, agriculture and other products are held. Pakistan participates in 30 exhibitions; hundreds of Pakistani traders come to Germany every year to attend. It is true that business people in the Renewable Energy sector also face challenges. In particular, regulatory issues in Pakistan need to be improved. There are vast opportunities for investment in Pakistan’s energy and auto-sector sector. Germany is counted in countries that are undergoing efforts to promote the use of energy alternatives and renewables. Germany is far ahead of many other countries in the world. Apart from industrial institutions in Germany, the trend of developing electricity on its own needs in domestic consumers is also increasing. The annual consumption of electricity in Germany is 600 tatra.
According to a review, Germany could be able to get all the power requirements of its energy from renewable energy by 2050. Pakistan has suffered tremendous crisis since last decade. Electricity requirement in Pakistan is up to 22 to 24,000 megawatt. Germany is gaining more than 25,000 MW power from just Wind Energy. Apart from this, Germany has a special reputation for heavy technology. Germany’s Caesar has different brands in the industry that people like. Germany’s share was 22 percent in the global import of cars in the year 2016 and in 2017. The German car industry plant in Pakistan and Germany’s energy sector should try to attract investment in Pakistan. Pakistan and Germany’s relations should not be limited to just a few fields, but there are abundant opportunities for expansion that they need to take full advantage.
