Senator Waqar Ahmed Khan, Minister for Investment has said that to meet the energy shortfall due to growth and development, all possible sources of energy are being explored including import of liquefied natural gas (LNG).
The Minister for Investment said this while talking to the delegation of a British company Aggreko Power led by Tim Libertano who called on him in his office on Wednesday.
The Minister said that to meet the gas shortfall on short term basis government is considering to import LNG from Gulf States using floating storage tanks, flexible hoses and finally connecting with main supply line of SSGC. He said that the idea can be translated into action in shortest possible time period and it will solve the issue of gas shortage in the country.
The Minister for Investment briefed the delegation that the government is offering investment friendly policies ensuring continuity of policies through provision of legal cover to foreign investors. He said that foreign investors are more than welcome to benefit from the investment friendly environment in Pakistan.
The Minister for Investment said that the government has opened host of areas including energy, oil and gas exploration, livestock, food and agriculture sectors. Pakistan is offering high rates of returns on infrastructure projects whereas the projects have drastically reduced poverty in developed countries, the Minister added. He said that the government is focusing to develop much-needed infrastructure to ensure growth and prosperity of the people.
Tim Libertano appreciated the various initiatives taken by the government ensuring continuity of policies. He apprised the Minister that his company is keen to invest in energy sector to meet the much needed energy short fall.-PR