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Karachi, March 20, 2014 (PPI-OT): A three member investor delegation headed by Dr. Dr. Talat Mahmoodand consisting of Mr. Ludwig Schwegmann and Dr. Andreas Waldraff from Germany and from Pakistan Mr. Qazi Sajid Ali, Mr. Noordin Karim and Ms. Ines Chabbi visited FBR LTU office Karachi, where Mr. Rehmatullah Khan Wazir, chief commissioner, Ms. Nosheen Javed Amjad, commissioner and their team gave briefing on the tax structure and incentives to foreign investment.
Mr. Rehmatullah Khan Wazir welcomed delegation and said that the government of Pakistan is fully committed to provide all the facilities to foreign investors. He said that FBR is working in the most transparent manner and providing speedy services to foreign and domestic investors.
Ms. Nosheen Javed said that FBR is providing extra support to women entrepreneurs. Mr.Wazirsaid that there has been not a single complaint from the foreign companies for the last two years regarding tax department. Dr. Dr.TalatMahmood, who is Presidentof Pakistan Forum of Asia/Pacific Forum Berlin, said that we have been trying hard to bring foreign investment from Germany.
The present delegation intends to set up a 50 MW solar project in Pakistan with an initial investment of around 80 million euro. Mr. Ludwig Schwegmann said that comparing to other countries we find Pakistan a favorable place for investment. Dr. Andreas Waldraff said that they are assessing and evaluating the government guarantees and planning procedures. He said that he finds Pakistan very different than the perception.
For more information, contact:
Mr. Muhammad Rafiq
Secretary
Pakistan German Business Forum
1st Floor, State Life Building # 3
Dr. Ziauddin Ahmed Road
Karachi 75530
Pakistan
Tel: 92-21-35655701-02
Fax: 92-21-35655703
Cell: 0302-2870065
E-mail: pgbf@super.net.pk