Senate Secretariat
Islamabad: 27th June, 2012
Acting President Syed Nayyar Hussain Bokhari has urged foreign investors to invest in various fields in Pakistan particularly in energy sector in order to meet energy gap between demand and supply as well as for boosting economy. He was expressing these views in a meeting with Mr. Tom Clarence-Smith, Premier oil plc’s Regional Head for Middle East, Africa and Pakistan at Parliament House today.
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.
Mr. Tom Clarence told the President that company is doing its 25% of total share of business around the globe in Pakistan and we indeed want to further build upon it. The company is currently operating four gas fields in Sindh as well as minor one in Balochistan. 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. He added.
Bokhari 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”. He said.
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