Pakistan Adds Incentives for Investment

Pakistani Minister for Petroleum and Natural Resources, Ch. Nouraiz Shakoor, said that incentives and facilities being offered to local and foreign investors in the petroleum sector are not less than any other country of the world. In addition, all possible measures will be adopted to make these incentives more attractive so that the economy could be strengthened, he told reporters.

Pakistan, he said, is in collaboration with French company 'Total' and its consortium has invested $25 million for oil and gas exploration in Indus delta.

Oil and gas exploration activities going on in off-shore areas are showing positive results, he added. The minister said at present 25 companies were engaged in oil and gas exploration and production activities.