Japanese and Chinese Firms Invited to Invest in Pakistan’s Gas Sector

A major gas sector group from China, Sichuan Chuanzhong Gas Investment Co Ltd., has expressed its interest to invest in Pakistan’s natural gas exploration and development sector. The company expressed its willingness for investment during a meeting between the delegation of Sichuan Chuanzhong Gas Investment Company Limited and Minister for Petroleum and Natural Resources, Ghulam Sarwar Khan. The company has also financed gas exploration in China and India, and is now interested in investing in Pakistan, it said. The minister said that the government of Pakistan will make sure to provide a favorable atmosphere to foreign investors. The government is encouraging international financiers to invest in Pakistan, he added. Meanwhile, in another meeting with a delegation of Mitsubishi, the minister assured that the government would provide all-out support to international companies who want to invest in the gas sector. Khan said that due to an increase in gas demand, the investment in the sector is the need of the hour. Reputed international companies are in contact with the petroleum division, he said. He added that all the hurdles will be removed from this sector. Mitsubishi’s Country Manager, Kimihide Ando, said that his company is optimistic about investing in Pakistan. He acknowledged the minister for helping international companies in investing in Pakistan.