CM for US investment in energy sector

Attention: open in a new window. PDFPrintE-mail

LAHORE - A delegation of American Business Forum called on Punjab Chief Minister Muhammad Shahbaz Sharif at Chief Ministerís Office on Wednesday. Matters relating to eliminating energy crisis and improving security situation were discussed during the meeting.

Talking to the members of the delegation, Chief Minister Muhammad Shahbaz Sharif said that improvement of security and resolution of energy crisis are the biggest challenges and without coping with these challenges, Pakistan cannot be put on the road to progress. He said that a comprehensive national policy with regard to curbing terrorism would be formulated and all stakeholders would be consulted in this regard. The Chief Minister said that Punjab government is introducing reforms in police system for its improvement.

He said that modern technology would be provided to the police and Turkey is extending cooperation to Punjab government for this purpose. Shahbaz Sharif said that foreign investment can be promoted in the country by improving security and government is devising a solid policy in this regard.

He said that if the law and order situation would be better, the investment would be promoted in the country and new job opportunities created in the country. The Chief Minister said that energy crisis has become a serious problem and steps are being taken on war footings for overcoming it.

He said that vast opportunities for generating energy through hydle, solar, biogas, biomass and coal exist in Punjab. Shahbaz Sharif said that solar power park is being set up in Cholistan where foreign investors can install solar plants. He said that electricity can also be generated through bagasse. He said that government has declared Gudani as Coal Base Power Park.

The Chief Minister told American Business Forum that Punjab government is going to hold an energy conference tomorrow in which local and foreign investors have been invited. He stressed upon the delegation to invest in energy sector in Punjab. Shahbaz Sharif said that the secret of existence of the country lies in the improvement of security situation and resolution of energy crisis and vowed that government will leave no stone unturned in this regard. He said that the Council of Common Interests has agreed to declare the theft of gas and electricity as non-bailable crime and expressed his belief that after the legislation, the gas and electricity theft will reduce substantially. The Chief Minister said that government is working on many fronts. He said that efforts are being made for improving the deteriorating condition of the Railways.

Similarly, Punjab Food Authority has been set up for checking the edible items and substandard soft drinks and its scope is being further extended. Shahbaz Sharif said that those making adulteration in eatable items deserve no leniency and strict legal action is being taken against them.

Honorary Secretary General of American Business Forum Mrs Ayesha Hameed said that they want to set up first law university of Pakistan in the Knowledge City of Lahore and they have submitted an application for this purpose. Members of the delegation expressed their good wishes for Shahbaz Sharif.

Home Secretary, Vice Chairman Punjab Investment Board, concerned officials, President American Business Forum Saleem Ghori, Honorary Secretary General Mrs Ayesha Hameed, Rizwan Khan and other office-bearers were also present on the occasion.

Courtesy: † Nation

Forex open Market rates & comments Archive

Login Form