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GE to invest in energy sector

General Electric (GE) has shown keen interest to invest in Pakistan’s energy sector, especially in oil and gas and power sectors.

A delegation of GE, led by Shane Fitzsimons, chief financial officer at GE International Operations, is on a two-day visit to Pakistan to look into the investment opportunities in the country’s energy sector.

A meeting with the GE’s delegation was held in the Ministry of Petroleum Natural Resources in Islamabad on Wednesday.

The meeting was chaired by the Minister of State for Petroleum and Natural Resources Jam Kamal Khan and other senior officials of the ministry.

The representative of GE briefed the minister about its ongoing project in Pakistan in the oil and gas and power sectors. The company has shown interest to further invest in the energy sector of Pakistan, especially in technological aspects and efficiency improvement.

Meanwhile, Khan said that energy crisis is a major concern of the government. “ The government is fully focused on dealing with this serious challenge to address energy deficiency in Pakistan,” he said. “The prime minister has taken all possible measures to give full confidence to investors so that they may invest in the energy sector with full confidence in an investment- friendly environment.”

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