Dr. Nunn visits PGBF
On March 17th an interactive session between Dr. Cyrill Nunn, Ambassador of Germany in Pakistan, the PGBF Board and PGBF members took place at PGBF head office.
After a short introduction by Vice Chairman Mr. Noordin Karim about the PGBF progress and its activities, Dr. Nunn explained that a new association will be created to fit the requirements of becoming a German Pakistan Chamber of Commerce as the PGBF does not fulfil these legal requirements. This association will work in close collaboration with PGBF for the benefit of achieving this goal.
Dr. Nunn spoke also about trade and investment between the 2 countries and the security issue in Pakistan.
Germany is a privileged trading partner and German investments are highly appreciated in Pakistan. In Germany as well, there is a high interest on working with Pakistan. Companies who do not know the country are unfortunately still hesitant to pay a visit.
The security warning on the website of the German Foreign Affairs are not saying not to come to Pakistan, especially cities such as in Punjab, Faisalabad or Sialkot have no risk issues but places such as Baluchistan or KPK are updated frequently according to the situation there.
A very big problem for Pakistan is the ranking of Minus 7 from Euler Hermes for export guaranties, which is a combination of economic and political elements.
The Ambassador informed that together with his French Colleague, they work on a better ranking. The Pakistan Government as well as the business society should also use their influence for better ranking.
On the question on how Dr. Nunn estimates the new Government, he replied that he sees a very positive trend since the last 9 months. Prime Minister Nawaz Sharif has a challenging reform program that he wants to achieve and a privatization program is a good example to quote.
BET composites took the initiative to praise the delegation who went to Berlin and Munich organized by PGBF, it provided them the opportunity to sign with Europole in Germany.
BET Composite will be their representative in LED lights in Pakistan.