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Energy & mining sector: Turkish company delegation, Shahbaz discuss joint ventures

A delegation of Turkish company dealing in energy and mining sector "CINER Group" called on Punjab Chief Minister, Muhammad Shahbaz Sharif, here on Thursday. Provincial Minister for Minerals Sher Ali Khan, Additional Chief Secretary Energy, Secretary Minerals, Vice Chairman Punjab Investment Board, Executive Chairman CINER Group Nadim Sener and other office-bearers were also present on the occasion. Matters relating to promotion of co-operation and launching of joint ventures in energy and mining sectors were discussed in the meeting.

Talking to the delegation of Turkish group, Chief Minister Muhammad Shahbaz Sharif said that Turkey has special expertise in mining and the Punjab government wants to benefit from the experience of Turkey in mining sector so that mineral reserves could be utilised in Punjab. He said that Punjab is rich in mineral wealth and vast reserves of coal exist in Salt Range and other places through which energy can be generated. The Chief Minister said that Turk group can cooperate with Punjab government in utilising mineral resources properly. He said that CINER Group has also expertise in energy generation projects and Punjab government and Turk groups can launch joint ventures in mining and energy sectors. Shahbaz Sharif said that the PML-N government is making sincere efforts for riding the country of energy crisis and steps are being taken speedily for this purpose. He said that agreements have also been made with Turk companies due to which friendly ties between both the countries have enhanced.

He said that trade relations between Pakistan and Turkey are strengthening with the passage of time. He said that officials of Punjab government should sit together with Turk group and formulate recommendations about viable projects in mining and energy sectors.

Talking on the occasion, Executive Chairman CINER Group Nadim Sener said that his group wants to extend cooperation to Punjab government in mining and energy sectors. He disclosed that his delegation has visited salt range and other places. He was of the view that vast opportunities of setting up small power plants with coal exist in Salt Range and other places and CINER Group will formulate practicable plan of cooperation in mining and energy sectors with consultation.

Copyright Business Recorder, 2013



 



 
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Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln