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KARACHI: European consortium led by a reputable Pakistan origin Czech entrepreneur in Czech Republic has shown interest to invest $ 2.5 billion in Thar coal project in Pakistan.
President, Federation of Pakistan Chambers of Commerce and Industry ( FPCCI) FPCCI Zakaria, Usman leading a large trade delegation of the country visited Poland and Czech Republic recently where the delegation met with officials of the consortium, said a release issued by FPCCI here on Friday.
President FPCCI said that a detailed presentation and discussions by FPCCI helped to convince the consortium once again to make such an investment.
For this purpose, they agreed to visit Pakistan again next month to seriously review the situation and sign MOUs with relevant government agencies. Zakaria Usman said the friendly foreign investment policy of the present government is attracting foreign investors to different sectors particularly in energy sector.
The government has also initiated sincere efforts to resolve the issue of energy crises in the country for which many projects have been launched including coal energy project in Gadani and Thar, he appreciated.
The President FPCCI said that Pakistan and Czech Republic have trade and economic cooperation in various fields, which could be further strengthened to its true potential by improving investment and business relations between the two countries.
He said that in addition to the foreign investment in energy sector, some local investors are also interested in energy sector for which government should devise a mechanism for the local power producers and investors and allocate them specific area for distribution of electricity particularly in the rural areas.
In this way huge amounts of subsidy on account of electricity price to the poor consumer will diminish by creating local healthy competition and reduced prices will ultimately alleviate power crises and benefit the people, FPCCI President said.
President, Federation of Pakistan Chambers of Commerce and Industry ( FPCCI) FPCCI Zakaria, Usman leading a large trade delegation of the country visited Poland and Czech Republic recently where the delegation met with officials of the consortium, said a release issued by FPCCI here on Friday.
President FPCCI said that a detailed presentation and discussions by FPCCI helped to convince the consortium once again to make such an investment.
For this purpose, they agreed to visit Pakistan again next month to seriously review the situation and sign MOUs with relevant government agencies. Zakaria Usman said the friendly foreign investment policy of the present government is attracting foreign investors to different sectors particularly in energy sector.
The government has also initiated sincere efforts to resolve the issue of energy crises in the country for which many projects have been launched including coal energy project in Gadani and Thar, he appreciated.
The President FPCCI said that Pakistan and Czech Republic have trade and economic cooperation in various fields, which could be further strengthened to its true potential by improving investment and business relations between the two countries.
He said that in addition to the foreign investment in energy sector, some local investors are also interested in energy sector for which government should devise a mechanism for the local power producers and investors and allocate them specific area for distribution of electricity particularly in the rural areas.
In this way huge amounts of subsidy on account of electricity price to the poor consumer will diminish by creating local healthy competition and reduced prices will ultimately alleviate power crises and benefit the people, FPCCI President said.
