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Islamabad, April 2, 2002
A high level five member US Government/Business delegation led by Senator
Billy A. Mickle, Majority Leader of the Oklahoma State Senate, currently on an
official visit to Pakistan, held a meeting with Mr. Altaf M. Saleem, the
Federal Minister for Privatisation, and his senior staff here today. The
delegation discussed privatisation opportunities, including the economic
situation and the planned privatisation of State entities. Senator Mickle
remarked that Pakistan's Privatisation Programme was in full swing with
regulatory framework well in place providing an open, transparent and level
playing field for investors. He looks forward to US participation in the
Privatisation Programme and commented that US investors have a great deal of
interest in Pakistan's oil & gas sector.
Following a briefing about the Privatisation Programme and policy, Minister
Saleem stressed the Government's firm commitment towards privatisation and
highlighted measures taken by the Administration to improve the enabling
environment. He believes that there exist strong synergistic and lucrative
opportunities for US investors, especially in the oil & gas, power and
telecommunications sectors.