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US expresses interest to invest in Pakistan’s energy sector

July 01, 2022: The US delegation led by Mr. Dilawar Syed, State Department’s Special Representative for Commercial and Business Affairs showed their interest in investments in various sectors including wind, renewable energy, textile, and agricultural sector, said a press statement on Friday.

It was also shared that the DFC is planning to revise the Power Purchase Agreements (PPAs) of its sponsored wind power projects depending upon the support and cooperation of the government of Pakistan.

A US delegation called on Federal Minister for Finance and Revenue Mr. Miftah Ismail at Finance Division, today.

The Finance Minister welcomed the delegation and apprised them of the economic challenges being faced by the present government. The Chair also apprised the delegation of the reforms in policies that have been undertaken by the present government to tackle these challenges.

It was further shared that these reforms aim at enhancing the GDP growth, attracting Foreign Direct Investment, and augmenting the exports of the country.

The Finance Minister also shared that the present government is committed to provide a more conducive environment for foreign investment and is also promoting foreign companies especially involved in automobile and mobile assimilation for the promotion of exports.

The Finance Minister, on a concluding note, shared that the present government is striving hard for bringing in growth in energy, export, and foreign investment and every required step in this regard would be undertaken.

Press Release

Posted on: 2022-07-01T21:36:32+05:00

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