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November 11, 2005 Friday Shawwal 8, 1426


Jordanian group interested in energy sector



By Our Reporter


ISLAMABAD, Nov 10: Lauding Pakistan’s investment policies, Shaheen Business and Investment Group of Jordan on Thursday said it was keen to invest in infrastructure, tourism and energy sectors in Pakistan.

A delegation of the group, comprising Khaled M. Shaheen, CEO and group chairman, and Dr Jawad A. Anani, special advisor to the chairman, called on Prime Minister Shaukat Aziz here at the Prime Minister’s House and showed keen interest in investing in tourism, infrastructure and energy sectors.

The prime minister was informed that the group was holding meetings with the ministries concerned to identify the exact projects.

Mr Shaheen said his company was impressed with the economic growth achieved by Pakistan during the last five years.

The prime minister said Pakistan’s economy had significantly grown during the last five years. “This year the growth target is between six and eight per cent. Though Pakistan is facing a big challenge due to devastation and destruction caused by the earthquake, the government is committed to achieving the growth target and it is hoped that the growth rate will not be affected,” Mr Aziz maintained.

The prime minister pointed out that said investor-friendly policies of the government and enabling environment provided to the private sector had restored the confidence of local and foreign investors which was evident from the increase in investments.

The prime minister informed the delegation that according to a survey conduced by the IFC about the ease of doing business, Pakistan ranked 66th out of 150 countries. “Pakistan got a better rating than many neighbouring countries,” he added.



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