Apr 11 , 2016
News
US Exim Bank shows interest in Pakistan's investment opportunities
By: APP
ISLAMABAD: Exim Bank of the USA Chairman Fred P Hochberg on Sunday evinced keen interest in investment opportunities in Pakistan and stated that the Exim Bank would facilitate US investors for investment in the country.
In a meeting with Finance Misister Ishaq Dar on Sunday, the Exim Bank chief also appreciated the economic achievements of the government. US Ambassador David Hale accompanied the visiting dignitary on the occasion.
Welcoming the guest, the finance minister briefed the Exim Bank chief about the current profile of the economy, saying that Pakistan after having achieved macroeconomic stability was now fully focused on economic growth and
job creation.A large number of projects were being implemented in the infrastructure and energy sectors, which would provide the necessary environment for the private sector to grow and make further investments, Dar added.
He said that the gaps in infrastructure and energy supply had hindered economic growth in the country for the last many years. Dar added that the government was seriously undertaking reforms for rehabilitation of the national airline.
Concerted efforts are also afoot to complete energy projects and the government has a resolve to add 10,000 MW to the national grid in its tenure, the finance minister said, adding that a US company, General Electric, had entered into an agreement for supply of gas turbines and related equipment for the three 3,600 MW LNG-based power projects in the country.
He stated that these projects provided opportunities for the Exim Bank to consider long-term financing in different areas including energy projects, as US companies were already engaged in these projects.
The US Exim Bank president appreciated the economic achievements of the government. Besides senior officials of the Ministry of Finance, Aviation Division and Water and Power also attended the meeting.
Courtesy www.dailytimes.com.pk