Energy sector to be given preferential treatment: PM

Prime Minister Nawaz Sharif on Wednesday said the private sector’s investment in the energy could play a vital role in reducing electricity shortfall in the country.

Talking to HUBCO Chairman Hussain Dawood in Islamabad‚ the prime minister said the energy sector would be given preferential treatment in order to attract local and foreign investments.

Nawaz said the private sector’s investment in the energy sector could play a vital role in reducing the electricity shortfall in the country, adding that the sector would be meted out preferential treatment in order to attract local and foreign investment.

The prime minister appreciated the construction of 84MW run-of-the-river project by Laraib as the first private sector hydel power project in the country.

Dawood expressed confidence in the prime minister’s leadership and the pro-business policies of the government.

Terming it a national endeavor to take Pakistan away from energy deficit, Dawood appreciated the prime minister’s focus on energy sector as the country’s economy and people’s lives were linked to it.

He said the prime minister’s special focus on energy sector had turned out to be highly motivating for the business community and this newfound confidence among the community could usher in a new era of business boom and higher growth in the country.

Dawood also apprised the prime minister of the various problems and challenges being faced by the business community in the country. The prime minister assured his full cooperation and support for the provision of business-friendly environment in the country.