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EU terms oil, gas sector sell-off move timely

RECORDER REPORT

ISLAMABAD: The heads of commercial and trade sections of the European Union missions in Islamabad have seen the proposed privatisation of oil and gas sector as timely and positive in view of the present market trend. They also lauded the government's efforts for improving the investor's confidence through the proposed privatisation law.

During a presentation regarding the Privatisation Programme of Pakistan, the Chairman, Privatisation Commission, Altaf M. Saleem, who was invited by the EU presentatives here on Thursday said that Pakistan has embarked upon an investment-friendly privatisation programme and steps were under way to boost the investors confidence through the introduction of privatisation law, which was being processed by the Ministry of Law.

He urged upon them to transmit the detailed information regarding the investment opportunities in Pakistan, being extended through the country's privatisation programme, to their respective countries.

In the question-answer session, the representatives termed the launching of Oil & Gas sector for privatisation as timely and positive, in view of the present encouraging trend in the world market.

The PC chairman assured them of all-out support for access to the information about the related transactions.

Altaf M. Saleem further said they can play effective role in further strengthening and promoting the existing commercial and trade relations between Pakistan and EU countries, by acting as our ambassadors to their respective countries.

The participants showed keen interest in the privatisation programme and took part in the discussion.