US delegation calls on finance minister
ISLAMABAD – Federal Minister for Finance and Revenue Miftah Ismail on Friday said the present government would undertake every required step for improving energy sector, and enhancing exports and foreign investment.
He said this during a meeting with the US delegation headed by State Department’s Special Representative for Commercial and Business Affairs Dilawar Syed, a Finance Division press release said.
The US delegation comprised Regional Policy Lead for Europe and Central Asia, Development Finance Corporation (DFC) Ms Gaia Self, and Economic Counselor of US Embassy in Pakistan Dan Froats, and other officers.
The secretary finance and other senior officers of the Finance Division also attended the meeting.
Miftah Ismail apprised the delegation about the economic challenges, and the reforms in policies that had been undertaken by the present government to tackle them.
He said the reforms aimed at enhancing the gross domestic product (GDP) growth, attracting the foreign direct investment and augmenting the exports.
The minister said the government was committed to provide more conducive environment for the foreign investment.
The US delegation showed their interest in investment in various sectors, including wind renewable energy, and textile and agricultural sectors.
It said the DFC was planning to revise the power purchase agreements (PPAs) of its sponsored wind power projects depending upon the support and cooperation of the government of Pakistan.
Musadik, envoy discuss Pak-Turkmen energy collaboration
Turkmen Ambassador to Pakistan Atadjan Molamov Friday called on Minister of State for Petroleum Dr Musadik Malik and discussed ways and means to further collaboration in the energy sector.
The meeting was aimed at discussing various aspects of the flagship Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project, a Petroleum Division news release said. The minister reiterated Pakistan’s commitment to the TAPI project and stressed the need to expedite it. The envoy expressed the “same devotion to the “multi-lateral project.”
Dr Musadik expressed the resolve of the government of Pakistan for the early completion of the TAPI project as it needed additional supplies of natural gas to meet energy requirements.