GE to invest in energy sector

Published June 2, 2006

RAWALPINDI, June 1: President General Pervez Musharraf on Thursday said the government was committed to facilitate all investors and would ensure provision of every possible assistance and incentives to them.

He was talking to chief executive officer of General Electric International of USA Ferdinando Beccalli-Falco who called on him here.

The president welcomed the US entrepreneur and appreciated his move for investment in Pakistan.

Mr Ferdinando lauded the far-reaching economic reforms introduced by the Pakistan government, which have not only helped stabilise economy but also served as a tremendous incentive to attract valuable foreign investment.

He said there was an excellent investment-friendly environment in Pakistan and thanked the Pakistan government for facilitating his group.

He informed the president that General Electric, which is one of the largest companies in the world by market capitalisation, was carrying out a market study on investment prospects in various sectors in Pakistan, including infrastructure development in energy, oil and gas, railways, and healthcare.

Minister of State for Privatisation, Umar Ahmed Ghuman and senior government functionaries were present during the meeting.—APP

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