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Nawaz invites international investment in energy sector
APP
ISLAMABAD: Prime Minister Nawaz Sharif has said that Pakistan will provide necessary safeguards to foreign investments, and urged international companies to invest in Pakistan for best returns.
He said this while meeting a delegation led by the State Grid Corporation of China (SGCC) President Jia Zhiqiang that called on Nawaz at the PM’s House Islamabad on Monday.
The meeting was also attended by Minister for Water and Power Khawaja Muhammad Asif, Privatisation Chairman Muhammad Zubair, Board of Investment Chairman Mifta Ismail and other senior officers.
While welcoming the delegation, the PM said that Chinese investments would boost the economy of Pakistan, and that China was willing to invest $35 billion in various infrastructure projects within 3 to 5 years. The PM further said that investments in Pakistan would yield high dividends to foreign investors as the business-friendly environment of Pakistan offers great opportunities. “Moreover, the government of Pakistan will provide sovereign guarantees to the investors in order to safeguard their investment,” the PM said. The SGCC president informed the PM that the SGCC was managing around 70 percent of the power transmission lines in China.
Courtesy www.dailytimes.com.pk