Pakistan welcomes energy sector investment: Minister of State for Water and Power

Islamabad, November 25, 2013 (PPI-OT): During meeting with Korean delegates, Minister of State for Water and Power Ch. Abid Sher Ali said that Pakistan welcomes energy sector investment and facilitates investors to their projects. The delegation was headed by Mr. Park Jung-ho, Counsellor, Embassy of the Republic of Korea.

The Korean companies showed keen interest in establishing various power plants and construction of multipurpose dams in Pakistan. In the briefing it was told that Embassy of the Republic of Korea is arranging a seminar on “korea South Asia Power Sector Programme” in the first week of December in which more than 24 companies would participate.

It would be great opportunity to explore business and bring investment in Pakistan. Minister of State for Water and Power mentioned that his government would provide security to all investors in Pakistan making it safest place to invest.

He further said that foreign donor agencies also had increased assistance many times to carry out projects in the country. While telling about potential in energy sector, Minister of state said that Pakistan was rich in natural resources which were feasible for initiating short and long term hydel power projects for power generation and work on the projects would be initiated soon.

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