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How We Can Strength Pakistan Economy

  • Date Submitted: 07/26/2011 09:16 AM
  • Flesch-Kincaid Score: 39.9 
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02 DAWN TUESDAY JULY 5, 2011

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By: Saifuddin N. Zoomkawala, President, Pakistan German Business Forum
By the grace of almighty, PGBF has completed more than one decade. I feel pleasure to state that PGBF is one of the largest business forums of Pakistan, having almost 200 members & is playing a vital role towards promoting economic development and integration through enhanced cooperation amongst business fraternity of Germany & Pakistan. Despite, we have seen many turmoil & upheavals especially on economic front, but i am optimistic that our government is being able to overcome all these problems. We all should be a strong believer that world is now a global village & the economic turmoil which we are observing since last 3 years, is not only affecting Pakistan, but almost 1/3rd of the world. The U.S. economy was showing signs of positive growth, compared to the earlier forecasts of stagnant growth. On the other hand, Europe was facing serious problems because of the polarization of strong economies, such as Germany & France, on the one hand, & Portugal, Ireland, Greece, Spain on the other, within the euro zone. Apart from the above, we are optimistic that Pakistan is still the land of opportunities, especially for the foreign investors, but the there might be a birth of question from most of the readers that how & why? For which, i would like to briefly state that: 1. Geo - strategic location: Located in the heart of Asia, Pakistan the gateway to the energy rich central Asian states, the financially liquid Gulf States and the economically advance far eastern countries. This strategic advantage alone makes Pakistan a market place teeming with possibilities.

PGBF playing vital role in promoting bilateral trade between Pakistan and Germany
2. Trained workforce; With a population of 170 million people, the country offers both a lucrative consumer market as well as a well trained competent workforce. Add to that a business friendly...

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