DAVOS/ISLAMABAD -  Prime Minister Shahid Khaqan Abbasi Thursday met founder and chairman of the World Economic Forum (WEF) Professor Klaus Schwab at the sidelines of the WEF annual meeting 2018 in Davos, said a PM Office press release.

Professor Schwab discussed with the prime minister the economic situation of Pakistan. The prime minister apprised the WEF chairman that Pakistan's economic growth would reach 6% this year.

Professor Schwab appreciated the efforts and measures taken by the present Pakistani government for registering a significant growth in the economy. He appreciated the prime minister's focus on creating jobs for the youth in Pakistan.

In a meeting with Jermy Weir, CEO Trafigura, and Pierre Eladari, CEO Puma Energy, PM said the present government had established liberal and attractive policies for international investors and ease of doing business framework was in place.

The Prime Minister appreciated their current investment in Pakistan and invited them to further expand investments in Pakistan in diverse sectors. He apprised that Pakistan had achieved significant economic stability and improved law and order situation that had boosted the confidence of local and foreign investors to invest in Pakistan.

The government had undertaken mega energy projects to address the energy issue faced by the country, the prime minister emphasized. He assured them that the market holds a lot of potential for their business. Both the CEOs thanked the prime minister and expressed the hope to further expand operations.

They acknowledged the government’s pro-investment policies and indicated towards actively looking at new investment opportunities in the liberal policy environment and a supportive regulatory regime. In 2017, Trafigura joined Pakistan Gas Port Limited as an investor and Puma Energy recently acquired a 51% interest in Admore Gas.

Meanwhile, Abbasi met Jifan Gao, chairman/CEO of Trina-Solar, at the World Economic Forum (WEF) in Davos.

The Prime Minister invited Trina-Solar to establish manufacturing plant for solar panels in Pakistan. He said that government of Pakistan will provide full support and tax incentives to encourage local manufacturing that would help in employment generation and provide an affordable alternative in the energy mix of the country.

Chairman Trina-Solar thanked the Prime Minister and stated that Trina-Solar would seriously consider establishment of local manufacturing solar panels' plant. In a meeting with Claudio Descalzi, CEO ENI, Abbasi said with Pakistan now standing surplus in gas and power supply, the present government had been successful in meeting energy needs of commercial, industrial and domestic consumers.

The Prime Minister appreciated ENI’s continued presence in Pakistan and its efforts for the socio-economic uplift of local communities. The PM also acknowledged ENI’s engagements in numerous sustainability projects providing access to water, socio-economic development, education, health and environmental protection. The CEO ENI thanked the prime minister and expressed ENI’s full support in offering solutions for providing sustained energy supply to Pakistani consumers.

Meanwhile, PM said that Pakistan was expected to become a 500,000 annual car market by 2023 where Renault, Kia, Hyundai and a number of other automakers were entering the market to supplement Toyota, Honda and Suzuki.

The prime minister was talking to Carlos Ghosn, chairman and CEO of Renault-Nissan on the sidelines of the World Economic Forum (WEF) in Davos.

The prime minister invited Renault-Nissan to consider Pakistan as their next investment destination.

Carlos Ghosn thanked the prime minister for his support and stated that Renault would bring its latest products and technological know-how to Pakistan. He said that with a car sales market of 0.3 million units per year, Pakistan has a huge potential in automobiles and auto-parts. He stated that Renault was committed to bring its best products for Pakistani customers as it is looking at the market as one with huge growth potential.

Prime Minister also met Jean-Yves Charlier, group CEO of VEON (operating under brand name Jazz in Pakistan), in Davos. Minister of State for Information Technology Anusha Rehman Khan, Special Assistant to PM Ali Jehangir Siddiqui and senior government officials were also present. During the meeting, the Prime Minister appreciated VEON’s investment, performance, and corporate social responsibility (CSR) activities in Pakistan including mobile learning and relief efforts rendered during natural disasters.

He also acknowledged VEON’s investment in the training and development of its workforce and thanked the CEO for providing many Pakistanis the opportunity to work in a progressive and learning environment.

CEO VEON thanked the Prime Minister for the support provided by the government in facilitating VEON’s operation in Pakistan and acknowledged Pakistan’s successful drive towards digitization.

VEON fully supports the digital vision of the present government and remains committed to support it through innovative solutions, added the CEO.