ISLAMABAD: Pakistan government makes new investment offers to the BritishInvestors.
Special Assistant to Prime Minister on Petroleum Nadeem Babar on Tuesdayinvited the British investors to tap opportunities in Pakistan’sexploration and production (E&P) sector.
He extended this invitation to a British delegation, led by Her Majesty’sTrade Commissioner Simon Penny, on Tuesday. UK’s Deputy High Commissionerto Pakistan Mike Nithavrianakis and British High Commission Deputy Directorfor Trade Ms Olivia Campbell were also the part of delegation.
Babar drew the attention of Simon Penny towards the presence of about 40British E&P companies in Pakistan a decade ago, telling him as to how thosecompanies could again enter in Pakistan through an array of opportunities.
He shared key areas of cooperation between the two countries in generaltrade of commodities, cooperation in the energy sector, technologicalmanufacturing, including manpower, skill, liquidity for small scaleproduction and robust agricultural productivity.
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The SAPM informed the delegation about the incremental steps taken by thepresent government to encourage the use of renewable energy, includingpractical timelines for renewable energy’s inclusion in the national grid.
The SAPM hoped that British businessmen and investors’ keen interest wouldbe demonstrated through the E&P roadshow, which is scheduled to be held inLondon.
Penny commended the improved business environment in Pakistan, sayingimproved British travel advisory, in his opinion, was a consequence of theimpressive improvement in Pakistan’s security and business climate.
