Australian iron ore Fortescue Metals Group Ltd to invest in energy sector of Pakistan

MG News | September 07, 2020 at 04:44 PM GMT+05:00

0:00

September 7, 2020: Australian iron ore company Fortescue Metals Group Ltd. has expressed keen interest to invest in renewable energy sector and green industry in Pakistan.

The interest was expressed by the company's Chairman Andrew Forrest at a meeting with Prime Minister Imran Khan in Islamabad today.

Andrew Forrest expressed the hope that the investment by Fortescue Group will result in creation of employment opportunities for the local community and introduction of new technology solutions for a host of industries.

The Prime Minister appreciated the interest of Fortescue Group in Pakistan and assured all possible facilitation in undertaking business ventures in the country.

He highlighted economic recovery of the country in the aftermath of COVID-19 pandemic and investment friendly policies being pursued by the present government.

He underscored the government's strategy to contain spread of virus through smart lockdowns and simultaneously reaching out to the millions of poor through government's flagship Ehsaas Program.

Andrew Forrest appreciated the strategy adopted by the Government of Pakistan in dealing with the pandemic.

Radio Pakistan

Related News

Name	Price/Vol	%Chg/NChg
KSE100	152,740.38 147.44M	-1.01% -1551.88
ALLSHR	91,858.47 324.25M	-0.86% -800.10
KSE30	46,223.61 86.89M	-1.45% -681.25
KMI30	219,130.92 66.08M	-1.15% -2553.50
KMIALLSHR	59,625.28 139.61M	-0.93% -562.17
BKTi	42,104.46 39.09M	-2.02% -866.56
OGTi	32,077.87 10.13M	-1.27% -414.19

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	70,155.00	71,480.00 69,440.00	-205.00 -0.29%
BRENT CRUDE	109.55	113.11 105.05	0.90 0.83%
RICHARDS BAY COAL MONTHLY	99.40	0.00 0.00	-12.60 -11.25%
ROTTERDAM COAL MONTHLY	123.30	0.00 0.00	0.00 0.00%
USD RBD PALM OLEIN	1,083.50	1,083.50 1,083.50	0.00 0.00%
CRUDE OIL - WTI	98.09	98.75 92.47	2.54 2.66%
SUGAR #11 WORLD	15.63	15.72 15.27	0.26 1.69%