Germany eyes energy investments in Pakistan, says Merkel

BERLIN: Germany is looking to increase its investments in Pakistan, especially in the energy sector, provided the conditions are right, Chancellor Angela Merkel said on Tuesday during a visit by Pakistan’s Prime Minister Nawaz Sharif.

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Merkel said Germany’s KfW state development bank was already involved in projects in Pakistan including hydro power plants, but added that the security situation was sometimes a deterrent.

“We can look at intensifying these (investments), as long as the conditions are right,” Merkel told a joint news conference with Sharif. The Pakistani premier said Germany companies had shown plenty of interest in his country’s energy sector. -Reuters

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