Published On: Mon, Apr 11th, 2016

US bank shows interest in Pakistan’s investment opportunities



ISLAMABAD: Chairman of Exim Bank of the USA Fred P. Hochberg on Sunday evinced keen interest in investment opportunities in Pakistan and stated that the bank would facilitate US investors for investment in the country.

In a meeting with Senator Ishaq Dar here, 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, 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.

These projects 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.

He said that US company, General Electric had entered agreement for supply of gas turbines and related equipment for the three 3600 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.

President, US Exim Bank appreciated the economic achievements of the government.

Besides Senior officials of the Ministry of Finance, Aviation Division and Water and Power attended the meeting. –APP

News Source SAMA

About the Author

Syed Ammar Alavi

- is Lahore (Pakistan) based journalist & writer with 25-year experience in print, wire and broadcast forms of journalism. His major fields of interest are politics, film,tv,sports, climate change and technology