Hafeez Shaikh confident of fresh energy investment


WASHINGTON – Finance Minister Dr Abdul Hafeez Shaikh expressed confidence of new foreign investment flowing into Pakistan’s energy sector as he wrapped up four days of meetings with leaders of international financial institutions, his counterparts and US officials. “I think our message about vast business opportunities in Pakistan, the government’s liberal investment regime and policy to facilitate the private sector has been well received,” he told those at a press conference.
“Particularly in the oil & gas and energy sectors, there will some new developments,” he added. Shaikh was asked of the targets Islamabad had set for inflow of foreign investment. Dr Shaikh did not elaborate on his investment outlook but sources indicated that the US might announce investment in the energy sector in the near future.