PM’s appreciates Turkish company’s willingness to invest in Pakistan

October 9, 2013 Off By Web Desk

Islamabad: Prime Minister Muhammad Nawaz Sharif has said that Pakistan offers a host of areas for investment with ideal economic returns for foreign investors. Prime Minster said this while meeting a Turkish delegation led by Mr Orguz Carmikli, Vice Chairman of the leading Turkish company NUROL Group, at PM’s House on Wednesday.

Pakistan’s priority sectors for investment include hydel and coal power plants, Karachi-Lahore Motorway and infrastructure development and NUROL must benefit from the huge business and investment opportunities, said the Prime Minister.

The Prime Minister said that Pakistan faces power shortages and the present government is dedicated to mitigate the same by exploiting innovative and cheap energy resources. He added that Pakistan Power Park at Gaddani offers a golden opportunity to invest in coal based power plants.

Mr Orguz Carmikli expressed his company’s readiness to invest in Gaddani Power Park, Basha and Bonji dams and Karachi-Lahore Motorway. He was pleased to know that the federal Government would provide sovereign guarantees for the construction of these projects. He further said that he was satisfied with Pakistan’s legal frame work for foreign investment.

The Premier noted that utilizing NUROL’s expertise in infrastructure development, the company may construct motorways on BOT basis. He further said that the company must benefit from Pakistan’s potential market of over a 180 million people.

Prime Minister had met Mr. Orguz Carmikli during his recent visit to Turkey. The company is focused on construction of motorway, dams and hydro-electric power plants and has recently constructed Gebze-Izmir Motorway including world’s 3rd largest Izmat Bay suspension bridge at a cost of $ 9.5 billion.