US Exim Bank shows interest in investment opportunities

Dar says govt focused on economic growth, job creation

ISLAMABAD: The Chairman of the Exim Bank of USA, Fred P Hochberg, on Sunday showed keen interest in investment opportunities in Pakistan and said the Exim Bank would facilitate the US investors for investment in the country.

In a meeting with Finance Minister Ishaq Dar, Hochberg, who was accompanied by US Ambassador David Hale, also appreciated the economic achievements of the government. Welcoming the guest, Dar briefed him on the current profile of the economy and said Pakistan, after having achieved macroeconomic stability, was fully focused on economic growth and job creation.

A large number of infrastructure and energy projects, which were being executed, would provide necessary environment for the private sector to grow and make further investments. He said that the gap in infrastructure and energy supply had hindered the economic growth in the country for the last many years.

The finance minister added that the government was seriously undertaking reforms for rehabilitation of the national airline.

He said a US company, General Electric, had entered into agreement for supplying gas turbines and related equipment for the three 3,600MW LNG-based power projects in the country.

He said the above-mentioned projects provided opportunities to the Exim Bank to consider long-term financing in different areas in which the US companies were
already engaged.