ISLAMABAD (APP) - The German government will provide investment guarantees for its investors to invest in different sectors of economy in Pakistan to enhance bilateral trade and investment between the two countries. This was stated by the German Head of International Investment and Finance Division, Ministry of Economics, Joachim Steffens addressing a press conference here on Tuesday. Chairman Board of Investment Saleem H. Mandviwalla and Ambassador of Germany to Pakistan were also present. Joachim Stiffen said that Pakistan and Germany were the first countries who signed Bilateral Investment Treaty (BIT) and after a detail discussion with Board of Investment the German government has decided to expend the BIT and provide investment guarantees to its investors to invest in Pakistan. He said that agreement to this affect would be signed between the two countries during International Investment Conference being held in Germany in December this year. Several German companies have invested in different sectors of economy in Pakistan, he said they are satisfied by the business climate in Pakistan. More companies are willing to invest here due to lot of investment opportunities in different sector of the economy, he added. He said that German companies are willing to share their experience and expertise in energy and textile sector besides infrastructure and agriculture sector has also tremendous scope of investment here. German Head of International Investment and Finance said that legal and constitutional reforms in investment sector and facilitation being provided by the BOI, five German companies seek guarantee for investing in Pakistan. He also appreciated the role of Ambassador of Pakistan designated in Germany to promote trade and investment relation between the two countries. Chairman Board of Investment said that vast opportunities of investment in different sectors was available for foreign investors adding that government would provide all possible facilities to them.