ISLAMABAD, Oct 19 (APP):Minister for Energy, Omar Ayub Khan Friday said Pakistan's GDP was more than 300 billion dollars as demand for more electricity consumption was rapidly growing, and opening up more opportunities for Foreign Direct Investment (FDI) in the country. He stressed that Chinese leadership at highest level remained committed to further invest in Pakistan's energy sector for its consolidation and self-sufficiency. Talking to Vice Chairman of National Development …
Growing electricity needs opening up more opportunities for FDI in Pakistan: Omar
ISLAMABAD, Oct 19 (APP):Minister for Energy, Omar Ayub Khan Friday said Pakistan’s GDP was more than 300 billion dollars as demand for more electricity consumption was rapidly growing, and
opening up more opportunities for Foreign Direct Investment (FDI) in
the country.
He stressed that Chinese leadership at highest level remained
committed to further invest in Pakistan’s energy sector for
its consolidation and self-sufficiency.
Talking to Vice Chairman of National Development and
Reform Commission (NDRC) Lian Weiliang during a meeting,
Omar Ayub thanked for inviting Pakistan’s delegation
to attend Belt and Road Energy Ministerial Conference held
in Suzhou.
According to a message received here, he hoped that the
Conference under China’s visionary leadership would play a
critical role in rebuilding and diversifying regional
energy landscape.
The Minister also took opportunity to brief his interlocutor
about energy priorities of the present government.
He underlined that just, the up-gradation of Pakistan’s
distribution system required an investment worth over five billion
US dollars while the upgradation of transmission system would require
an even larger size of investment.
The Minister also extended Lian Weiliang an invitation to
visit Pakistan.
Pakistan has great potential to grow and its energy market will witness major expansion in coming
years.
China would continue to complement Pakistan’s efforts in reforming and expanding its energy sector, Lian Weiliang underscored.
During the meeting Lian, a Minister-level official of People’s Republic of China, recognizing the imperatives of further reinforcing ties between two iron brothers, maintained
that both countries could regularly review progress of various energy projects and jointly formulate strategies and plans to oversee their speedy and timely execution.
Lian thanked the Minister for extending the invitation and hoped that under his leadership
Pakistan-China energy ties would further deepen and solidify.
