LAHORE – Adviser to Prime Minister on Commerce, Textile, Industry & Production and Investment Abdul Razak Dawood said Exxon Mobil was making an investment of $250 million in Pakistan.
He said the company had re-entered Pakistan after a gap of almost three decades and setup its office in the country.
Pakistan is requesting China to switch its investment focus from power & infrastructure to industrialization, agriculture and education in regard to the China-Pakistan Economic Corridor (CPEC).
In an interview with the *Nikkei Asian Review link, *Mr Dawood reaffirmed Pakistan’s full commitment to CPEC.
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He said via CPEC investment, Pakistan has sufficient power generation and now the government was widening the extent of the corridor.
Till now, a majority of the projects under CPEC have concentrated on power and infrastructure, however, Dawood stated Pakistan has cancelled some power projects due to deeming them “too large and unnecessary.”
