Energy shortfall: Investment can overcome crisis

Legal and constitutional protection should be given to encourage investors from India to invest in local energy sector

LAHORE: Energy crisis in Pakistan can be overcome by investing $25-$30 billion while sustainable and long-term solution of the issue can be found by seeking investment from overseas Pakistanis and neighbouring countries. Pak-India Business Council (PIBC) Chairman Noor Muhammad Kasuri said this in a statement on Thursday. He said that incentives should be offered to overseas Pakistanis while legal and constitutional protection should be given to encourage investors from India to invest in the local energy sector. He highlighted that people of the two countries welcomed good neighbourly relations between their states. He said that an open hearted response from each other, with a view to create a ‘win-win situation’ for both sides needs to be adopted. “Both nations need to focus on poverty, hunger, disease and other socio-economic issues,” he said.

Published in The Express Tribune, September 7^th, 2012.