Home »Top Stories » Dutch firm assures $100 million investment in gas sector

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  • Jan 14th, 2004
  • Comments Off on Dutch firm assures $100 million investment in gas sector
A six-member delegation of Dutch multinational company SHV showed keen interest for investment in the gas sector during a meeting with Minister for Privatisation & Investment Dr Abdul Hafeez Shaikh, here on Tuesday.

Hafeez Shaikh said that the continuity of the economic and investment friendly policies had started attracting the international players in all sectors. Pakistan had opened all sectors for investment and provided vast opportunities with pro-investor policies, he added.

The Minister further stated that providing a level playing field and equal opportunities to all investors without any discrimination was the hallmark of our investment and privatisation policies.

The SHV's presence in Pakistan and the role being played by the company in the economic uplift of the country was an ample proof of our sustained policies, he added.

Leader of the delegation, Senior Vice President SHV Roeland Bann informed the Minister that $100 million had been allocated for future investment in Pakistan as the company has recognised Pakistan as its core area within its world-wide portfolio.

SHV has been investing in infrastructure, improving safety standards and was committed to the promotion of education and environment as a part of their social services, he added.

Roeland said SHV was keen to invest in the gas-sector to expand its present operations in Pakistan and also to contribute towards the economy of the country.

He appreciated the government's efforts for creating enabling environment for investors and the renewed assurance of transparency and level playing field for local and foreign investors.

SHV entered Pakistan in 1998 and is presently marketing their products SUPERGAS and PEARLGAS countrywide to the domestic and industrial consumers. It is the single largest LPG Company operating in over 26 countries with the brand names of SUPERGAS, CALORGAS and PRIMAGAS besides other regional brands.

Copyright News Network International, 2004


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