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A six-member delegation of Dutch multinational company SHV led by Mr. Roeland
Bann, SVP, SHV International showed keen interest for investment in the Gas
sector of Pakistan during a meeting with Dr. Abdul Hafeez Shaikh Federal
Minister for Privatisation & Investment here today.
Dr. Abdul Hafeez Shaikh said that the continuity of the country's economic and
investment friendly policies had started attracting the international players
in all sectors. Pakistan had opened all sectors for investment and provided
vast opportunities with pro-investor policies, he said.
The Minister further stated that providing a level playing field and equal
opportunities to all investors without any discrimination was the hallmark of
our investment and privatisation policies. The company's presence in Pakistan
and the role being played by SHV in the economic uplift of the country was an
ample proof of our sustained policies, he added.
The leader of the Dutch company delegation Mr. Roeland Baan informed the
Minister that US $ 100 million had been allocated for future investment in
Pakistan as SHV recognized Pakistan as its core area within its worldwide
portfolio. SHV was investing in infrastructure and improving safety standards
and was committed to promotion of education and environment as a part of their
social services, he added.
He said that SHV was keen to invest in the gas sector for expanding its
present operation in Pakistan and to contribute towards the economy of the
country. He appreciated the government's efforts for creating enabling
environment for investors and its renewed assurance of transparency and level
playing field for local and foreign investors.
SHV entered Pakistan in 1998 and presently marketing their products SUPERGAS
and PEARLGAS countrywide to its domestic and industrial consumers. It is the
single largest LPG Company operating worldwide in over 26 countries with the
brand names of SUPERGAS,
CALORGAS and PRIMAGAZ besides other regional brands.