ISLAMABAD: Minister for Power and Petroleum Omar Ayub Khan has invited the Turkish companies to benefit from investment opportunities in the power sector of Pakistan.
He was talking to Ambassador of Turkey to Pakistan Ihsan Mustafa Yurdakul who called on him in Islamabad on Tuesday.
During the meeting, it was agreed that special areas will be identified by both the countries for the upcoming visit of Turkish President Recep Tayyip Erdogan for further enhancing cooperation in the energy sector.
Omar Ayub Khan said that Pakistan’s energy sector was fast growing and the renewable energy potential was enormous which needed to be tapped by the foreign investors.
On Sept 26, Minister for Energy Omar Ayub had said Pakistan’s energy industry offers tremendous investment opportunities for local and foreign investors.
“Pakistan is focusing to improve the Ease of Doing Business to encourage foreign investors to initiate new projects and expand their operations in the country,” Omar Ayub had said this while addressing the 8th Ministers LNG Producer-Consumer Conference in Tokyo.
The minister for energy had said various steps had been taken for the development of LNG sector to mitigate energy shortages. These, he had said, included building of two LNG terminals to receive and regasify 1.2BCFD-gas per day and permission to private sector for setting up five more LNG terminals.
He had met with Qatari Minister of State for Energy Affairs Saad Sherida Al Kaabi in Tokyo and discussed the future prospects of Qatari investment in energy related infrastructure in Pakistan.