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Huge investment opportunities exist in diverse sectors: Shahbaz


5/5/2017

Staff Reporter

Lahore
 
Punjab Chief Minister Muhammad Shahbaz Sharif has said that vast investment opportunities exist in Agriculture, Industry, Transport, Energy and other sectors in Pakistan especially Punjab. A conducive environment for investment has been made available in Punjab and best facilities are being provided to the investors, he added. He said that although Sweden is a small country yet it has the modern industry and high-tech technology of the world. Pakistan and Sweden can promote cooperation and partnership in industrial and other sectors, he added.
 
The Chief Minister said that Punjab holds a great potential for acquiring energy through waste as we can generate electricity from thousands of ton waste at consistent schedule and can benefit from the technology of Sweden in this regard. He expressed these views while addressing a seminar on the topic “Smart Cities by Sweden” arranged in collaboration with Swedish Business Council and Sweden Embassy here on Thursday.
 
Swedish Ambassador in Pakistan Ms. Ingrid Johansson, Provincial Minister for Local government Mansha Ullah Butt, Honorary Consul General of Sweden Syed Babar Ali and a huge number of industrialists and investors of Pakistan and Sweden attended the seminar. He said that despite being the small country, Sweden is well equipped with the latest technology having world best High-Tech industry. He said that there exists economic cooperation between both countries however it needs extension. Shahbaz Sharif said he is Khadim of the people of his province and public service is his pivot.
 
He said that although Lahore Waste Management Company is working well yet it has to do a lot for coping with future challenges. He said that under the vibrant leadership of Prime Minister Muhammad Nawaz Sharif, work is being carried out to steer the country out of energy crises and added that Punjab is the only province where Solar Energy project has been installed which is adding 300 MW solar energy into national grid. He said that tariff of 6 cent per unit has been fixed for first hundred megawatt of this project while a tariff of 5.15 cent for 200 megawatt which will benefit consumers in provision of cheap electricity. Likewise, 1180 MW Gas Power Plant initially producing 717MW electricity has been completed at Bhikki.
 
He said that this project has been completed in a record period of which is a world record. Furthermore, he said that that projects of Baluki and Bahadar Shah are moving toward completion rapidly and transparently. He said that cheap electricity will also be provided to the consumers from 3600 MW Gas Power Projects and transparency will be ensured in these projects. He said that a huge loss was caused to economy of the country due to energy crisis in the past however, due to the efforts of the Punjab government, energy projects are being completed speedily.
 
He said that a high level delegation of Punjab has recently returned to the country after visiting Sweden which has discussed useful talks for promoting cooperation with regard to improvement in traffic system and checking accidents. He expressed the hope that working relationship will be increased between Punjab Government and Sweden in this regard. However, he said that business to business contacts should be increased for promoting business and trade activities. He said time has come that Sweden and Pakistan should promote trade and business activities.
 
The Chief Minister said that execution of CPEC projects has opened up doors of foreign investment in the country and a large number of friendly courtiers are taking interest in it while several friendly countries are joining CPEC. Shahbaz Sharif said that effective steps have been taken to provide people with comfortable, standard and economical mass transit facilities as Metro Bus in Lahore, Rawalpindi, Islamabad and Multan is operating effectively. Metro bus system is also being started in Faisalabad as well whereas speedo bus service of Lahore is planned to be stretched to other cities of the province, he shared. The Chief Minister said that we needed to propel collaboration with Sweden to get advantage from their ability and innovation additionally Pak-Sweden can improve participation in transport sector area. Sweden Ambassador in Pakistan, Ingrid Johansson while addressing the seminar said that we will enhance cooperation with Punjab government in different sectors and organization of seminar is that stepping stool.