Chilean investors eye investment in Pakistan

Luksic Group to explore possibilities of making maximum investments in various sectors.

KARACHI: The Luksic Group will explore possibilities of making maximum investments and have cooperation with Pakistan government in various sectors, said chairman of the group and leader of a Chilean delegation, Andronico Luksic.

He was talking to Sindh Finance Minister Syed Murad Ali Shah at his office on Wednesday. He pointed out that his group was the second biggest financial institution with total assets worth $34 billion.

Luksic suggested that Pakistan should keep Latin American countries in focus in order to attract investment and said he will request the Chilean government to open its embassy in Pakistan to further enhance economic ties.

Apprising the delegation members of investment prospects in Sindh, Shah said the province is very rich in natural resources and the government will extend every possible help to the investors.

Secretary Coal and Energy Development Department Sindh, Ijaz Ali Khan told the delegation that Thar coal field has tremendous potential and has an estimated coal reserves of 176 billion tons.

He said international competitive bidding for four blocks will be undertaken in a month along with invitation of Expressions of Investment (EOI) for Thar infrastructure projects in a bid to set up a petrochemical complex.

Published in The Express Tribune, October 28^th, 2010.