ISLAMABAD: Federal Minister for Finance Dr Abdul Hafeez Shaikh invited the General Electric Company (GE) to invest in Pakistan particularly in sectors where it had global expertise like aviation, transport, railways, energy and alternate energy.
General Electric Company Vice Chairman John Rice expressed keen interest for investment in various sectors in Pakistan particularly supplying locomotives to Pakistan Railways and set up a wind energy projects in the country while exploring other investment opportunities.
Shaikh said that Pakistan offered a favourable environment for foreign investment and assured full support and facilitation of the government for investment by the Fortune 500 company.
GE’s vice chairman Rice expressed his gratitude to the Government of Pakistan for providing attractive opportunities for foreign investment in the country. He thanked finance minister Shaikh for his continuous support to the private sector businesses and attracting investment by guiding foreign investors.
Rice appreciated the policies of the Ministry of Finance in promoting a business-friendly environment.
GE is a US-based multinational conglomerate corporation and operates through four segments: Energy, Technology Infrastructure, Capital Finance and Consumer and Industrial. In 2011, GE ranked among the Fortune 500 as the sixth-largest firm in the US by gross revenue, as well as the 14th most profitable.
Published in The Express Tribune, January 11th, 2013.
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