WASHINGTON: The Pakistani Federal Finance Minister, Mr. Abdul Hafeez is quite confident about new investments in energy sector, he was talking to the delegations from international financial institutions and also his counterparts from different countries.
While talking to a press conference at the event, he said that they became successful in conveying message to the foreign investors, that Pakistan will welcome investment from private sectors in different development projects especially pertaining to oil, gas and energy sectors.
On a question about Target set by GOP for investment inflow, although he did not responded clearly but an indication was given that US would be willing to invest in energy sector of Pakistan. Important announcements are expected in this regard in near future.
The minister also denied that Parliament of Pakistan is causing any hindrance in achieving targets set by IMF for economic reforms in Pakistan. He has also denied about giving any such statement. He said “Pakistani Parliament is a sovereign institution responsible for giving decisions and guidelines on all issues related to Pakistan. All of these national decisions are made in consent of all coalition parties”.
Mr. Shaikh also informed that he taken into loop IMF, World Bank and other US officials about measures and reforms like broadening tax base, adding new sectors in tax net, revenue generation and expenditure controlling measures adopted by GOP to achieve macro-economic stability.
Pakistan wants to establish trade relationships with EU countries and US, in order to become self-sufficient.