Prime Minister Shaukat Aziz on Tuesday said Pakistan had lot of potential in the area of hydrocarbons and would welcome foreign investors to exploit the full potential.
He was talking to a delegation, comprising Kuwaiti Foreign Petroleum Exploration Company's Chairman Badar N Al-Khashti and Chairman and Chief Executive Officer (CEO) of MOL - a Hungarian Company Zsolt Hernadi, who called on the Prime Minister at the PM House.
The delegation evinced keen interest in making investment in the oil and gas sectors in Pakistan, and the privatisation of the PPL and said they were encouraged by conducive economic climate in the country.
The Prime Minister said Pakistan was strategically situated at the mouth of the Gulf and close to the central Asian region, and the government was contemplating to set up a mega oil refinery and would welcome foreign investors. This refinery, he said would not only cater to the domestic needs but also export oil products.
The Prime Minister said the government had carried broad based economic reforms through privatisation, de-regulation and liberalisation forming the major planks of its economic agenda. The reforms' programme initiated by the government has enabled it to achieve the growth rate of 8.4 percent. He further said Pakistan believed in providing a level playing field to all investors - local as well as foreign - and there were no restrictions on doing business in the country.
Minister for Privatisation and Investment Dr Hafiz Sheikh and Advisor to Prime Minister on Energy Mukhtar Ahmed also attended the meeting.
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