LAHORE - Punjab Chief Minister Shahbaz Sharif has said the provincial government has finalised a comprehensive coal policy for proper utilisation of coal reserves available in the province. Talking to a high level delegation of Overseas Investors Chamber of Commerce and Industry at Chief Ministers Secretariat, here on Thursday, the CM said that new coal policy could help overcome energy crisis, and would go a long way in generation of power as well as increasing foreign investment. Heads and representatives of Proctor and Gamble, Faysal Bank, Karachi Electric Supply Corporation, SGS Pakistan, Attock Cement, Pakistan Petroleum, Oxford University Press, BMA Capital Management and Asia Petroleum were present. The CM said that the process of identification of 7000 acres of land containing high-grade coal reserves has been completed near Khushab which is only 15 km away from Motorway. He said that Punjab government is in contact with local and foreign companies for investment and Provincial Secretary Commerce has been delegated responsibilities in this regard. He said that in addition to coal-based projects, Punjab government is also working on the programme of power generation from barrages in the province. Shahbaz Sharif said that his meeting with the members of overseas chamber is of extraordinary importance as he wanted to accelerate the process of investment in the province with their help. He said that Punjab government will not only identify profit-making industries for foreign investors but will also facilitate them in trade activities and setting up of industries. He said that red-tapeism will not be allowed to hinder investment. He said that there were vast opportunities of investment in livestock, power generation, transport, low income housing schemes, agriculture, education, dairy development and fisheries sectors. He said that foreign investment will strengthen provincial economy as well as help in development of human resource.