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Dr. Abdul Hafeez Shaikh, Federal Minister for Privatisation & Investment is
leaving for Germany tomorrow to lead Pakistani delegation and to address
two-day Munich Management Colloquium being held from March 9 to 10, 2004. The
theme of this year Colloquium will be "The Future of Growth".
In September 2003 Pakistan Business Day was held at Berlin for the growth
of Pak-German economic interaction in the private sector. A Memorandum of
Understanding (MOU) between Pakistan German Business Forum (PGBF) and its
counterpart in Germany Deutsche-Pakistan Forum (DPF) was signed in this regard
for promoting the investment, trade and business relations with Pakistan
during Investment moot held at Berlin.
The Federal Republic of Germany being the 5th largest importer of Pakistani
products has emerged as one of the important trading partner of Pakistan.
Trade between Pakistan and Germany is being conducted in freely convertible
currency in terms of the Trade Agreement signed in 1957.