*ISLAMABAD: *The government has an open door policy for investment, saidSpecial Assistant to Prime Minister (SAPM) on Petroleum Nadeem Babar.
In a meeting with Italian Ambassador to Pakistan Stefano Pontecorvo, whocalled on him on Friday, Babar assured complete cooperation andfacilitation to Italian companies operating in the energy sector ofPakistan. The special assistant further informed the envoy regardinginvestment opportunities in oil and gas exploration and production sectorof the country. He added that the government had planned to hold openbidding for awarding new oil and gas exploration blocks by the end of thisyear.
“Pakistan expects that Italian companies will actively participate in thebidding process for new blocks,” he remarked.
During the meeting, the two sides discussed ways and means of jointventures in the energy sector. Also speaking on the occasion, the envoysaid that both the countries had the potential to enhance collaboration indiverse fields including trade, manufacturing, assembling and industries.
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Pontecorvo also apprised Babar regarding the problems being faced byItalian companies operating in the energy sector of Pakistan.
