Federal Minister for Petroleum, Mr. Ali Pervaiz Malik, held two separate meetings today with renowned Belgian-British economist Dr. Stefan Dercon and prominent industrialist Mr. Muhammad Ali Tabba to discuss energy sector reforms, investment opportunities, and sustainable economic growth.
Meeting with Dr. Stefan Dercon
Federal Minister Ali Pervaiz Malik met with Dr. Stefan Dercon, a distinguished economist, Oxford University Professor of Economic Policy and Consultant to deliberate on policy frameworks for Pakistan’s economic growth.
The discussions focused on enhancing governance, improving fiscal sustainability, and attracting foreign investment in renewable energy sectors. Dr. Dercon shared insights on global best practices and strategies to mitigate economic challenges while ensuring energy security.
Minister Ali Pervaiz Malik emphasized the government’s commitment to structural reforms and thanked Dr. Dercon for his valuable recommendations. He stated, “Pakistan is keen to adopt innovative approaches to strengthen its energy economy, and experts like Dr. Dercon provide critical guidance in this journey.”
Meeting with Mr. Muhammad Ali Tabba
In a separate meeting, the Federal Minister engaged with Mr. Muhammad Ali Tabba, CEO of Lucky Cement and a leading figure in Pakistan’s industrial sector. The dialogue centered on public-private partnerships, policy improvements for industries and the role of industry in reducing Pakistan’s import burden.
Mr. Tabba highlighted the need for policy consistency and national holistic approach to bolster local industry. Both sides agreed on the importance of collaboration between the government and private sector to drive growth and employment opportunities.
Minister Malik reaffirmed the government’s support for industrial stakeholders. These meetings underscore the Ministry of Petroleum’s proactive approach to engaging with international experts and local industry leaders to foster sustainable development. The discussions will contribute to policy formulation aimed at ensuring energy affordability, efficiency, and long-term resilience.
