Envoys-Designate Present Credentials To President Alvi.

ISLAMABAD -- The Ambassadors-designate of GermaAny, Spain, Belgium, Libya, Kenya and Ethiopia presented their credentials to President Dr Arif Alvi at a ceremony held at Aiwan-e-Sadr on Monday.

Ambassador of the Republic of GerAmany Alfred Grannas, Ambassador of Spain Jose Antonia de Ory Peral, AmAbassador of the Kingdom of Belgium Charles Delogne, Ambassador of Libya Moamer Z O Abdalmotlab, High ComAmissioner of Kenya Ms Mary NyambuAra Kamau, and Ambassador of EthioApia Jemal Beker Abdula made separate calls on the President.

Talking to the German Ambassador, the President said that Germany was one of the largest foreign direct invesAtors in Pakistan.

He said that German firms with exApertise in wind and solar energy as well as in hydel power projects could take advantage of new sets of incenAtives offered by Pakistan in these secAtors.

The President encouraged German investors to invest in Pakistan's SpeAcial Economic Zones (SEZs) under ChiAna Pakistan Economic Corridor (CPEC).

He said that keeping in view the huge potential of business, trade and investAment between the two countries, the existing level of bilateral trade needed to be substantially improved.

He stressed the need for bilaterAal cooperation between the two counAtries to mitigate the negative fallout of climate change and global warming against the backdrop of devastating floods in Pakistan.

While talking to the Ambassador of Spain, the President expressed the need to further expand bilateral relaAtions in the economic, trade, investAment and tourism sectors. He appreAciated the Spanish support to Pakistan on GSP Plus Scheme and hoped that this support will continue in future as well. He stressed the need for the earAly finalisation of an agreement on deAfence cooperation between the two countries.

Talking to the Belgian Ambassador, the President stressed the need to subAstantially increase the volume of biAlateral trade from its exiting volume of $1.35...