Over twenty foreign, local companies eager to invest in gas sector: Paracha

ISLAMABAD: Over twenty multinational and local companies are keen to invest billions of rupees in the gas sector of Pakistan, said central leader of All Pakistan CNG Association Ghiyas Paracha here on Monday.

“These companies are inclined to invest in construction of new gas terminals, gas supply to consumers and laying down new gas pipelines”, he said in a statement .

He said, this will reduce the price of electricity and gas, improve environment, end energy crisis and tame down circular debt.

He said that local and foreign investment in the gas sector will help the government save over one billion dollars in oil import bill, provide affordable gas and electricity to domestic, commercial and industrial consumers and ensure smooth supplies.

Ghiyas Paracha said that the investment will provide a new lease of life to the industrial, commercial and CNG sectors, job opportunities will increase, while the government will earn handsome revenue.

It will provide relief to consumers by reducing corruption while competition will benefit all stakeholders including consumes and gas distribution companies.