Pakistan offers friendly investment policy: President

921

Staff Reporter

Islamabad

President Dr. Arif Alvi said that the investment policy of Pakistan has been designed to provide a comprehensive framework for creating conducive business environment for the attraction of Foreign Direct Investment.
The President expressed these while talking to Vice President, Government Relations South Asia, Royal Dutch Shell, James Hall here on Wednesday.
Underlining the importance of renewable resource of energy, he urged the Shell Company to invest in these areas, since it has achieved a major breakthrough in this sector.
He underscored that Pakistan’s friendly investment policy provided no restriction on remitting capital, profits and dividends.
The President said Pakistan welcomes the interest of Shell in new projects and hopes that the company would keep investing in Pakistan for achievement of mutually beneficial targets of economic development.
Speaking on the occasion, James Hall said Shell has its footprint in Pakistan since the time of its independence in 1947 and has been privileged to play a vital role in the country’s progress.
He said we are committed to work with the Government, sharing insights in energy transition and transitioning to a low-carbon future, building a sustainable energy future for Pakistan together.