PM urges investment in energy sector

Raja Pervez Ashraf

Prime Minister Raja Pervez Ashraf on Wednesday stressed the need for more investment in energy sector.

The Prime Minister was talking to Esam Yousif Janahi, Chairman and Founder of Gulf Finance House at the Prime Minister House here.

He said Pakistan and Bahrain had close and brotherly relations.

Recalling his meeting with Amir of Bahrain, Sheikh Hamad bin Isa Al Khalifa in Kuwait recently, the Prime Minister praised him for his warmth and graciousness.

He appreciated the Gulf Finance House Bahrain for doing well financially and drew the attention of the Chairman to huge investment potential in Pakistan.

The Prime Minister said Pakistan had a good wind corridor, hydel potential and coal reserves.

He said the Independent Power Producers (IPPs) installed way back in 1994 were doing roaring business.

Jahani said his company was examining the possibility of investing in energy sector in Pakistan.

The Chairman Gulf Finance House, while talking to the Prime Minister said the investment policies of Pakistan were conducive and attractive for foreign investors because of rewarding returns on investments.

Copyright APP (Associated Press of Pakistan), 2013

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