Three leading business groups of Saudi Arabia including Al-Tawairqi, Hubco and Al-Bakri International have shown interest to expand investment in Pakistan''s energy, steel and pharmaceutical sectors.
The chief executives of Saudi business giants evinced their readiness for enhancing investment in various fields for accelerating pace of economic development in Pakistan during their separate meetings with Caretaker Prime Minister Mohammadmian Soomro here on Sunday.
Chief Executive of Al-Tawairqi M.Tariq Barlas, Chairman HUBCO Muhammad and Chief of Al-Bakri Abdul Qadir met with Prime Minister Soomro and showed interest for investment in Pakistan.
Reposing confidence in Pakistan''s investment-friendly policy, CEO of Al-Tawairqi Tariq Barlas showed immense interest for making investment in the coal based power projects in Pakistan. It may be mentioned that Pakistan government plans to generate 20,000 mega watt energy through coal based and other source of generation.
Barlas appreciated the visionary approach of Caretaker Prime Minister Mohammadmian Soomro for developing alternative energy sources including coal, solar and wind to cater to the growing demands of energy sources in the country. The Prime Minister said the government appreciates investment and expansion plan of Al-Tawairqi group in producing high quality steel.
He expressed the confidence that a plan of enhancing investment in Pakistan will unleash boost to the economic development activities. The Prime Minister was of firm view that investment and business friendly approach of the government was encouraging foreign investment.
Mauhammad Ali Reza, Chairman HUBCO said Pakistan had a strong human bank with a sound economy. He said his company was examining to set up a hospital of international standard in Pakistan. He said investment had already been made for setting up gas distribution depots in Pakistan.
He said the country seriously requires to revise whole pattern of energy production through alternative means for overcoming energy shortage.
Chief of Al-Bakri International Abdul Qadir, the largest oil supplier to Pakistan, observed that Pakistan was a land of opportunities for investment with tremendous potential of development in different sectors.