Economics & Business

Government to attract investment in oil, gas sector

ISLAMABAD: Federal Minister for Petroleum and Natural Resources Khawaja Muhammad Asif has said that coalition government is taking concerted steps to attract investment in power generation, oil and gas sector. “We look forward for more investment and support by Saudi government in these sectors”. Federal minister expressed these views while talking to the Saudi Ambassador in Pakistan Mr. Ali S. Awadh Asseri, who called on him at his office here in Islamabad today. They discussed matters pertaining to energy cooperation towards energy development between the two countries.

The minister informed the envoy about the huge potential of coal deposits and the steps being taken by the government for the utilization of 185 billion tonnes coal deposits of the country and sought Saudi cooperation and investment so that huge coal deposits could be utilized for power generation and gasification. Talking to Saudi envoy, the minister said that coalition government would soon be able to put the country on track of economic development and resolve issues like power shortage, law and order situation and wheat shortage in the country.

Referring to close ties between the two brotherly Muslim countries, they agreed to further cement the already existing relations especially in the fields of power generation, oil and gas. The ambassador felicitated the minister for assuming his new responsibilities as Federal minister in the government.-SANA

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Rubab Saleem

Rubab Saleem is Editor of Pakistan Times

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