Germany will provide insurance guarantees to companies investing in Pakistan

Under the newly signed Bilateral Investment Treaty, Germany will provide insurance guarantees to companies investing in Pakistan which would also cover political and security risks.
Dr Gregor Schotten, Head of Press and Economic Section, Embassy of Germany in Pakistan told a press briefing that the enforcement of the treaty would require ratification of the parliaments of the respective countries. No one can force the Parliament therefore, it is hard to give any timeframe or deadline for ratification on both sides.Pakistan and Germany had inked a new bilateral investment treaty in December last year during the visit of Prime Minister Yousuf Raza Gilani to Berlin.