AGL 38.15 Increased By ▲ 0.90 (2.42%)
AIRLINK 121.51 Decreased By ▼ -2.51 (-2.02%)
BOP 5.85 Increased By ▲ 0.23 (4.09%)
CNERGY 3.75 Increased By ▲ 0.03 (0.81%)
DCL 8.40 Increased By ▲ 0.15 (1.82%)
DFML 40.89 Increased By ▲ 0.62 (1.54%)
DGKC 84.60 Decreased By ▼ -1.14 (-1.33%)
FCCL 32.70 Increased By ▲ 0.10 (0.31%)
FFBL 65.50 Decreased By ▼ -1.00 (-1.5%)
FFL 10.05 Decreased By ▼ -0.11 (-1.08%)
HUBC 103.80 Increased By ▲ 0.70 (0.68%)
HUMNL 13.25 Decreased By ▼ -0.15 (-1.12%)
KEL 4.43 Increased By ▲ 0.18 (4.24%)
KOSM 7.09 Decreased By ▼ -0.09 (-1.25%)
MLCF 37.50 Decreased By ▼ -0.80 (-2.09%)
NBP 60.25 Decreased By ▼ -4.76 (-7.32%)
OGDC 172.25 Decreased By ▼ -1.55 (-0.89%)
PAEL 24.80 Decreased By ▼ -0.10 (-0.4%)
PIBTL 5.70 Decreased By ▼ -0.10 (-1.72%)
PPL 141.69 Decreased By ▼ -1.01 (-0.71%)
PRL 22.72 Decreased By ▼ -0.26 (-1.13%)
PTC 14.74 Decreased By ▼ -0.37 (-2.45%)
SEARL 64.56 Decreased By ▼ -0.79 (-1.21%)
TELE 7.14 Increased By ▲ 0.14 (2%)
TOMCL 35.50 Decreased By ▼ -1.41 (-3.82%)
TPLP 7.29 Decreased By ▼ -0.05 (-0.68%)
TREET 14.20 Decreased By ▼ -0.08 (-0.56%)
TRG 51.75 Increased By ▲ 2.05 (4.12%)
UNITY 26.60 Increased By ▲ 0.45 (1.72%)
WTL 1.22 Decreased By ▼ -0.02 (-1.61%)
BR100 9,483 Decreased By -118.3 (-1.23%)
BR30 28,371 Decreased By -202.1 (-0.71%)
KSE100 88,967 Decreased By -1319.8 (-1.46%)
KSE30 27,827 Decreased By -515.9 (-1.82%)

Prime Minister Shaukat Aziz has said that a UAE company will make investment to set up a Mercedes trucks assembly plant in Pakistan. He said this while briefing newsmen in the plane, about his meetings with the German Corporates in Frankfurt, after leaving for Berlin from Frankfurt. The meetings were organised by the Deutsche Bank.
The Prime Minister said that representatives of German company Daimler Chrysler (Mercedes-Benz) has told him that they are in contact with a UAE company, and soon the local partners in Pakistan, Daimler Chrysler and the UAE company would start work on the feasibility of the project.
Shaukat said that Pakistan is investing more in order to develop the infrastructure, which is the main engine for economic growth. The investors are realising that with improved infrastructure there would be more freight movement. Thus trucking lines would be established and that is why Mercedes is planning to establish a truck assembly plant in Pakistan with investment from UAE company.
The Prime Minister said that he had asked the Deutsche Bank to increase its capital in Pakistan to expand its operations, to which, he said, Juregen Fitschen, member, executive committee of the Bank, agreed.
He said that he had also met with the representatives of MTU Engineering and discussed co-operation in defence and security equipment and other engineering sectors.
He said he also met Helmet Schopf, President of Raytheon, the company involved in engineering, air engines, turbines and energy generators, for establishing working relations with Pakistan, specially in the fields of ''Alternative Energy'' producing mechanism, in which Germany is the leader.
He said that he also met Dr Bernd from GTZ, the German government arm that provides technical assistance for vocational training and technical skills development.

Copyright Business Recorder, 2005

Comments

Comments are closed.