Wednesday, 27 June 2012 16:14
ISLAMABAD: Acting President Syed Nayyar Hussain Bokhari urged Wednesday foreign investors to invest in various fields in Pakistan particularly in energy sector in order to bridge energy gap between demand and supply as well as for boosting economy.
He was expressing these views in a meeting with Tom Clarence-Smith, Premier oil plc's Regional Head for Middle East, Africa and Pakistan here at Parliament House. The company is currently operating four gas fields in Sindh as well as minor one in Balochistan.
The Acting President assured that government will definitely provide facilitation and all out support as well as conducive and secure environment to foreign companies who are looking forward to doing business in the country.
Tom Clarence told the President that company is doing its 25% of total share of business in Pakistan and the government indeed wanted to further build upon it.
"Increasing gas/oil production in Pakistan is our objective particularly in case of gas as it can be a cheaper source of electricity generation than oil," said Bokhari.
He emphasized the need for public-private partnership in different spheres especially in energy sector. "We will welcome investment in projects that can exploit hydel, solar, wind and coal potentials existing in the country and their usage for generation of electricity".
Copyright APP (Associated Press of Pakistan), 2012