ISLAMABAD, April 11: A high-level investors and trade delegation led by Varouj Varjabedian, Advisory Council Chairman of Tysons Oil and Energy, have shown their keen interest in the privatization of Pakistan State Oil, mining, industrial sector and other potential areas during a meeting with Dr Abdul Hafeez Shaikh, Minister for Privatization and Investment, here on Monday.
According to a handout, Dr Hafeez Shaikh while appreciating the interest shown by Tysons in the privatization programme of Pakistan said that it was in line with the government’s endeavour to encourage new players in Pakistan’s privatization and investment programme.
“Pakistan’s privatization programme ensures a level-playing field for all participants through a transparent and investors friendly process,” he said.
The minister pointed out that the government was fully committed to facilitating the investors without any discrimination between the local and foreign investors and would continue to assist the investors in identifying the opportunities in prospective areas and extend maximum cooperation for their operations in Pakistan.
The leader of the delegation informed the minister that Pakistan’s new improved economic outlook along with its present geo political position and investors friendly policies had made it an attractive place for investment activity for foreign investors.
Since 1977, Tysons was working in association or joint ventures with some of the world’s leading oil and gas, hydroelectric and mining companies in the Middle East, Russia, Far East and Africa, he said.
The company has expertise in sustainable growth through a federation of important alliances for total upstream and downstream integration and optimal financial engineering. The group also included representatives from Stratejia and Metaventures companies.
