PAKISTAN INVITES JAPANESE INVESTORS FOR PARTICIAPTION IN PRIVATISATION PROCESS OF ENERGY SECTOR
 

Islamabad, July 6, 2011

There is a vast scope for Japanese private sector to invest in the energy sector of Pakistan both in brown and green field projects and to explore new avenues and investment opportunities available in various other sectors and the government intended to privatise all State owned Entities (SoEs). Mr. Ghous Bux Khan Mahar Federal Minister for Privatisation said during a meeting with a Japanese delegation accompanied by Mr. Hiroshi OE, Ambassador of Japan to Pakistan here today.

While lauding the contribution of the Japanese investors in Pakistan’s economy and the financial assistance to Pakistan by the Government of Japan in various projects, the Minister urged the need for increasing the Japanese private sector investment as the future of every country’s economy belonged to the private sector, which almost always performed well and played effective and vital role in the economy.

Mr. Ghous Bux Mahar expressed his grief over the loss of lives during the disastrous Tsunami and appreciated the courage of the Japanese people and the government to meet this challenge. In 2012 Pakistan and Japan would be completing the 60 years long deep rooted friendship and strong bonds of relations, which would be further cemented in the future, he added.

Mr. Hiroshi OE, Ambassador of Japan to Pakistan assured the Minister that he would make all out efforts to attract more Japanese investors to promote the existing economic relations between the two countries as there exited huge potential for investment in Pakistan, which would be beneficial for both sides.

During the meeting Mr. Shahid Hussain Raja Federal Secretary Privatisation and the senior officials of the Privatisation Commission were also present.