Germany’s leading industrial and engineering company, KSB, has announced plans to set up a large manufacturing plant in Pakistan, a move expected to become Germany’s biggest direct investment in the country.
A high-level KSB delegation met with Federal Minister for the Board of Investment (BoI) Qaiser Ahmed Sheikh to discuss ways to boost economic cooperation, industrial partnerships, and investment opportunities between the two countries.
The German team expressed satisfaction with its investment experience in Pakistan and shared its plans to expand operations in the country’s growing industrial sector.
Minister Qaiser Ahmed Sheikh said Pakistan, with a population of 250 million, offers huge potential for foreign investors. He invited KSB and other global companies to invest in Special Economic Zones (SEZs), where businesses can benefit from tax exemptions for up to ten years.
He added that Pakistan’s stock market has recently achieved a historic milestone, showing strong investor confidence and an improving business climate. The minister noted that KSB’s investment would fit perfectly into the government’s pro-business policies aimed at long-term industrial growth.
The German delegation praised Pakistan’s efforts to promote investment and reaffirmed KSB’s commitment to building a lasting industrial partnership in the country.
Founded in 1871, KSB is a global leader in manufacturing pumps, valves, and fluid engineering systems, with operations in more than 60 countries around the world.
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