Pak PM urges investment in energy sector
Sunday, 3 June 2007
ISLAMABAD, Jun 2 (APP): Prime Minister Shaukat Aziz yesterday said there was huge potential for investment in the energy sector due to high growth, demand and good returns.
Talking to Dr. Ali Allawi, Chairman Energy Pro-Gas, Ltd here at the PM House, he said energy demands were increasing at a rate of 10-12% annually and the government has adopted a strategy to diversify its energy sources to bridge the gap between demand and supply to maintain the momentum of growth.
The Prime Minister said during 2006-07 the GDP grew at the rate of 7.02% and the total size of economy reached $146.3 billion.
He said the per capita income has increased to $ 925 against $438 in 1998-1999; a growth of 111%.
The Prime Minister said the government was working to ensure equitable growth so that its benefits reach all sections of the society. He said high growth has resulted in the increase of energy demand and pointed at the sale of 6 million electric fans and other appliances this year that has created a surge in the demand of electricity.
Talking to Dr. Ali Allawi, Chairman Energy Pro-Gas, Ltd here at the PM House, he said energy demands were increasing at a rate of 10-12% annually and the government has adopted a strategy to diversify its energy sources to bridge the gap between demand and supply to maintain the momentum of growth.
The Prime Minister said during 2006-07 the GDP grew at the rate of 7.02% and the total size of economy reached $146.3 billion.
He said the per capita income has increased to $ 925 against $438 in 1998-1999; a growth of 111%.
The Prime Minister said the government was working to ensure equitable growth so that its benefits reach all sections of the society. He said high growth has resulted in the increase of energy demand and pointed at the sale of 6 million electric fans and other appliances this year that has created a surge in the demand of electricity.