ISLAMABAD: US Pakistan Business Council hosted a virtual event titled, "Explore Pakistan: A US-Pakistan Business Council (USPBC) Virtual Series on Business Opportunities in Pakistan's Energy Sector," on Friday.

The Minister for Energy, Omar Ayub Khan, and Nadeem Babar, Special Assistant to the Prime Minster on Petroleum had been invited by the USPBC to brief US business community regarding the Government of Pakistan's efforts to mitigate the ever-growing energy demand of domestic consumers and industry, recent policy developments in the energy sector, the government's reforms in the oil and gas sector, and incentives for investment in the energy sector.

The event was chaired by Steven Kobos, chairman US Pakistan Business Council, President and Managing Director, Excelerate Energy, who welcomed the dignitaries and underlined that the virtual series had been initiated by the USPBC to reinvigorate the development of US Pakistan business portfolio, especially in the energy sector. Minister for Energy Omar Ayub Khan complimented the USPBC for the virtual series initiative, and said that the US was an important business partner for Pakistan.

He appreciated that there was a strong footprint of the US companies in the energy sector in Pakistan, and that the US companies in the energy sector were familiar with the market. Minister Omar Ayub Khan underscored the government policy initiatives of increasing the renewables share of energy in the total energy mix, and invited US investment in the sector.

Copyright Business Recorder, 2020