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Punjab, OICCI to cooperate in energy, other sectors

CHIEF Minister Shahbaz Sharif has said that Pakistan is facing serious challenges like energy shortage and terrorism but the government is determined to overcome all these problems.

He said that the challenges being confronted by the country can be countered through collective wisdom, hard work and joint efforts. He said that a conducive atmosphere had been created in the province for investment and all-out facilities were being provided to local and foreign investors under one-roof. He invited Overseas Investors Chamber of Commerce and Industry to invest in Punjab and assured that maximum facilities and security would be provided.

He was talking to the President Overseas Investors of Chamber of Commerce and Industry (OICCI) Kimihide Ando and Vice President Asad Jaffar who met him here on Thursday. It was agreed in the meeting that Punjab government and OICCI would cooperate in energy and other sectors.

Speaking on the occasion, he said that peace was essential for the promotion of trade and economic activities in the province and the government was taking all possible measures for maintaining a peaceful atmosphere in the province. He said there were vast opportunities of investment in energy and other sectors in the province and investment by OICCI in energy and other sectors would be welcomed. He said that promotion of social, economic and industrial activities was linked with production of electricity. He said that Punjab government was working on generation of electricity from coal, solar, biomass and biogas. He said that OICCI should come forward for promotion of cooperation in energy sector and assured that all-out facilities and incentives would be extended to them. He said OICCI should hold conference in Islamabad on energy requirements of Pakistan and power projects. He said that tough decisions have been taken to put the national economy on the right track.

President OICCI Kimihide Ando said that Pakistani government was moving in the right direction to overcome the problems being faced by the country and was making sincere efforts in this regard. He expressed the hope that PML-N government would succeed in resolving the problems of the country. He said that the OICCI was interested in promoting cooperation with Punjab government in various sectors. He also expressed the desire for investment in energy sector in Pakistan.

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