March 23, 2006	Thursday	Safar 22, 1427

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ISLAMABAD, March 22: Former Deputy Commander US Centcom Lt-Gen (retired) Mike Delong has observed that environment in Pakistan is highly conducive for foreign investment. Gen Delong, who is currently a senior executive for Shaw International expressed these views during a meeting with Senate Chairman Mohammadmian Soomro at the Board of Investment (BoI).

Talat Mian and senior officers of the board attended the meeting.

Lt-Gen (retired) Mike Delong, who is currently visiting Pakistan along with other executives of M/S Shaw briefed the Senate chairman about their firm. He said M/S Shaw would like to undertake business ventures with Pakistan on a long-term basis.

He informed that the firm would open an office in Islamabad shortly to facilitate business projects throughout Pakistan. He said M/S Shaw attached great significance to the people of Pakistan and expressed gratitude on the warm welcome and support extended to the delegation.

Earlier, Mohammadmian Soomro apprised the delegation about the investment policies and said due to the economic reforms and liberal policies of the government, Pakistan’s economy had turned around which was evident from the impressive economic indicators.

He assured Gen Delong that the government would provide every possible support to their firm for undertaking business in Pakistan.

M/S Shaw is a publicly held company with over $3 billion in annual revenue. It is a global leader in engineering, procurement, construction, energy and environmental remediation with over 20,000 employees and 140 offices worldwide.