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September 13, 2021

A 20-member German Emirati Chamber of Commerce & Industry (AHK) business delegation, which is visiting Pakistan for a firsthand assessment of business and investment opportunities in the country held a meeting on September 13. 2021 with foreign investors, members of Overseas Investors Chamber of Commerce and Industry (OICCI). The German Business delegation, which included the participants listed below, was accompanied by Mr. Holger Ziegeler, German Consul General in Karachi, and First Secretary for Economic Affairs at the German Embassy in Islamabad.

Company/ Organisation Name of Participants Designation
AHK Dubai Oliver Oehms CEO
Bauer Aviation Advisory Linus Benjamin Bauer Founder & Managing Director
Dannemeyer & Associates Shaukat Ali Trademark Lawyer
GTAI Heena Nazir Correspondent
Kärcher Middle East (FZE) Abou Chakra Mazen Regional Sales Director
Lufthansa Serkan Guerguen Senior Director Sales
Lufthansa Nadia Sarah Petri General Manager Sales
Quarry Mining LLC Moritz Kerler Managing Director
Schlüter Graf Andres Ring Legal Consultant
Schlüter Graf Usama Munir Associate Legal Consultant
SIG MEA Abdelghany Mohamed Abdelghany Eladib President and General Manager
SIG MEA Martin Rudolf Schmedes Marketing Director
SIG MEA Naheed Chowdhry Mirza PMO & Corporate Strategy Director
SIG MEA Rodrigo Dabus Salomao CFO
Weidmuller Middle East Rafael Fiestas Hummler Marketing Director
Emltc Emerging Solutions Marc Zimmermann Associate | Attorney-At-Law (Germany)
Rohde & Schwarz Haris Ali Managing Director
 

OICCI MC members Markus Strohmeier, Managing Director SIEMENS Pakistan Engineering Co. Limited, and Amir Paracha, Chairman & Chief Executive Officer Unilever Pakistan Limited along with M. Abdul Aleem CEO/Secretary General OICCI welcomed the delegation.

OICCI CEO/Secretary General M. Abdul Aleem, shared a detailed presentation, highlighting the liberal policies in Pakistan for foreign direct investment (FDI) which offers tremendous opportunities for new investment. Commenting on the investment opportunities in Pakistan, Mr. Aleem stated that ‘OICCI members have benefitted by taking a longer-term view which is illustrated by the fact OICCI members have re-invested over US$ 18 billion in the last 9 years which is more than the total FDI inflow into the country during this period”.

The OICCI shared with the delegation the results of recent Business Confidence Index Survey carried out during May to July 2021 showing a dramatic upswing in Business confidence across Pakistan by 59% since the last BCI survey done in the same period in 2020. “The OICCI members randomly included in the survey are more upbeat as their confidence level has gone up by 108’, Mr Aleem added.

Mr. Oliver Oehms, CEO of the visiting German-Emirati Joint Council for Industry and Commerce and other members of the delegation enquired about several matters, including potential sectors for investment, special concessions for major investment in Pakistan, incentives relating to Special Economic Zones, major development projects on tourism, impact of increasing inflation on businesses in Pakistan,  tax incentives for putting up export based industries using imported raw materials and the most reliable government agency to facilitate the potential foreign investors. All the queries were duly responded by Amir Paracha M. Abdul Aleem and Umer Jalil, CFO of Siemens Pakistan.