AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Islamabad, January 28, 2013 (PPI-OT): A delegation of Hydromine Inc. headed by Mr. Peter Lionel Briger, Chairman/CEO, today called on President Asif Ali Zardari at Aiwan-e-Sadr today.
The delegation comprised of Mr. Panagiotis Natsiopoulos and Mr. Thomas Ulon Newtown. Mr. Anwar Saifullah Khan was also present during the meeting.
Briefing about the meeting Spokesperson to the President Senator Farhatullah Babar said that Hydromine is a project development company principally involved in a variety of natural resource, power generation, and sustainable energy technology development projects. He said that the company evinced keen interest in undertaking business ventures in Pakistan.
Spokesperson said that the President while welcoming their interest highlighted investment and business friendly opportunities offered by Pakistan that included all economic sectors open for FDI, 100% foreign equity allowed to the investors, equal treatment to Foreign and Domestic investment, no Government sanction required, remittance of Royalty, Technical and Franchise Fee; Capital, Profits, Dividends allowed, legal protection to foreign investment, no sales tax on import of machinery and no withholding tax on import of machinery.
The President while highlighting huge investment opportunities in different sectors including energy, IT and Telecom, Agriculture, SMEs, Mining, Infrastructure and Privatization said that Pakistan being emerging market of 180 million people, with its geo-strategic location at the cross roads of West Asia, South Asia, Central Asia and China offered huge business opportunity to the business community.
The President assured the delegation that the Government would provide them every facilitation in their business ventures.
The delegation thanked the President for meeting them and appreciated government’s efforts for its pro investor’s policies and creating business friendly environment in the country.
For more information, contact:
Haji Ahmed Malik
Principal Information Officer
Press Information Department (PID)
Tel: +9251 925 2323 and +9251 925 2324
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