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Private sector’s role vital to check energy crisis: Nawaz

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

Talking to Hubco Chairman Hussein Dawood, who called on him at the PM House, the prime minister added that the sector would be meted out preferential treatment in order to attract local and foreign investments. He appreciated the construction of 84MWs run-of-the-river project by Laraib as the first private sector hydel power project in the country.

Hussein Dawood expressed confidence in Nawaz’s leadership and the pro-business policies of the present government. Terming it a national endeavour to bring Pakistan out of energy deficit morass, Dawood appreciated the premier’s focus on the energy sector as the country’s economy and people’s lives were linked to it.

The premier assured his full cooperation and support for the provision of business-friendly environment in the country. Later, Javed Malik called on Prime Minister Nawaz Sharif and congratulated him on his successful recent visit to China and termed it historic as it would go a long way in deepening the already existing strategic ties between the two countries.

Nawaz said that Pakistanis living overseas were an asset who had contributed hugely for national economic development and added that the government was fully committed to their welfare.

Javed Malik submitted proposals and recommendations for the promotion of trade and further improvement of the overall ties between Pakistan and the UAE.

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