President Dr. Arif Alvi has said that Pakistan has adopted a very liberal and investment friendly policy and foreign investors need to benefit from liberal investment regime. He said that the investment policy of Pakistan had been designed in a manner to provide a comprehensive framework for creating conducive business environment for foreign investors. He made these remarks while talking to an Australian delegation, led by Mr. Andrew Forrest, Founder and Chairman of Fortescue Group, which called on him, at Aiwan-e-Sadr, today.
Highlighting the potential for investment in mineral sector, the President informed the delegation that Pakistan was blessed with a lot of mineral resources and foreign investors were required to capitalize on opportunities in the mineral sector. He further informed that Pakistan had potential to produce up to 80,000 MW of Hydal electricity.
Mr. Andrew Forrest informed the President that Fortescue Group was interested to invest in Hydal energy and mineral sector. It is worth-stating that Fortescue Metals Group Ltd is an Australian iron ore company which has constructed some of the most significant mines in the world.
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