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US Delegation Expresses Keen Interest In Oil & Gas

Islamabad, April 2, 2002
A high level five member US Government/Business delegation led by Mr. Billy A. Mickle, State Senator, Majority Leader of the Oklahoma State Senate, currently on an official visit to Pakistan, held a meeting with Mr. Altaf M. Saleem, the Federal Minister for Privatisation, and his senior staff here today.
            The delegation discussed the privatisation opportunities, including the economic situation and the planned privatisation of the State entities.
            Senator Billy A. Mickle remarked that Pakistan’s Privatisation Programme was in full swing, regulatory framework were well in place and it provided an open, transparent and level playing field, which was essential for the investors. He said that we would look forward to participating in the privatisation process. He said that we were having an encouraging message for US investors. There was a great deal of interest in the Oil & Gas sector for US investors, he added.
            Following a briefing about the privatisation policy and programme Mr. Altaf M. Saleem stressed the Government’s firm commitment towards privatisation and highlighted the measures taken by this Administration to improve the enabling environment. He believed that there existed good synergy and lucrative opportunities for US investors to participate in the Government’s privatisation programme, especially in the oil and gas, power and telecommunications sectors. The government intended to offer more fertilizer companies for sale, following the successful bidding of Paksaudi Fertilizers Limited, held during the past month, the Minister added.

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