Australian Iron Ore Company Fortescue Metals Group meets PM Imran Khan.
The company’s Chairman Andrew Forrest-led delegation of the company met Prime Minister Imran Khan in Islamabad today (Monday).
Australian Iron Ore Company Fortescue Metals Group meets PM
Fortescue Metals Group Ltd. expressed keen interest to invest in renewable energy sector and green industry in Pakistan.
Andrew Forrest expressed the hope that the Fortescue Group’s investment will result in creation of employment opportunities for the local community.
Furthermore, he said it would result in introduction of new technology solutions for a host of industries.
The Prime Minister appreciated the interest of Fortescue Group in Pakistan.
Moreover, he assured all possible facilitation in undertaking business ventures in the country.
He highlighted economic recovery of the country in the aftermath of COVID-19 pandemic and investment friendly policies being pursued by the present government.
He underscored the government’s strategy to contain spread of virus through smart lockdowns and simultaneously reaching out to the millions of poor through government’s flagship Ehsaas Program.
Andrew Forrest appreciated the strategy which the Government of Pakistan adopted in dealing with the pandemic.
Meanwhile, President Dr Arif Alvi said Pakistan has adopted a very liberal and investment friendly policy.
He urged foreign investors need to benefit from it.
Andrew Forrest-led delegation
He made these remarks while talking to Andrew Forrest-led delegation.
Forrest is Founder and Chairman of Fortescue Group who called on him in Islamabad on Monday.
The President said that the investment policy of Pakistan had been designed in a manner to provide a comprehensive framework for creating conducive business environment for foreign investors.
He also highlighted the potential for investment in mineral sector.
He informed the delegation that Pakistan is blessed with a lot of mineral resources and foreign investors were required to capitalize on opportunities in the mineral sector.
President further informed that Pakistan had potential to produce up to 80,000 MW of Hydel electricity.
Meanwhile, Andrew Forrest informed the President about his Fortescue Group’s interest to invest in Hydel energy and mineral sector.
Fortescue Metals Group Ltd claims to have constructed some of the most significant mines in the world.