Brazil ready to invest in energy sector of Pakistan

[Hyde]

Brazil ready to invest in energy sector of Pakistan​

WEDNESDAY, 09 MARCH 2011 20:29

RAWALPINDI: Brazil intends to invest in the energy sector of Pakistan and is willing to extend cooperation to invest in Biofuel and Ethnol aimed at meeting with the present energy crisis.
These views were expressed by Ambassador of Brazil to Pakistan, Alfredo Laoni during his visit to Rawalpindi Chamber of Commerce and Industry (RCCI) here on Wednesday.

The Ambassador said that Brazil is ready to help the traders community and industrialists.

On this occasion, President of RCCI S Ali Raza Saeed, Senior Vice President Mian Muhammad Atique, Vice President Dr Shumail Dawood and the members were also present on the occasion.

The Ambassador said that Brazil is ready to help the traders community and industrialists and added, his country was the third largest sugar producing country in the world.

He assured that every possible help will be made to facilitate Pakistan to overcome the shortage of sugar.

Alfredo Laoni emphasised that Pakistan and Brazil should cooperate each other for the promotion of trade and business.

He said that Brazil is ready to invest in energy sector which is the need of the hour as Pakistan has hit energy crisis recently.

President of the RCCI said that trade volume between the two countries is 170$ million that is very low.

He said that both the countries should enhance their trade hoping that their cordial and economic relations will further strengthen in future.

 

[Hyde]

Tajikistan offers to invest in energy sector​

KARACHI: President of Tajikistan Emomali Rahmon on Wednesday said his country was ready to extend all cooperation for setting up power plants in Pakistan.

Talking to Sindh Chief Minister Syed Qaim Ali Shah, President Rahmon said Tajikistan could establish a 600MW hydel plant straightaway and another plant of 220MW later.

He said in view of his talks in Pakistan this week and the longstanding demand of the business communities of the two countries, Tajikistan would soon set up its consulate general in Karachi.

Mr Rahmon said he had discussed with local businessmen the problems faced by them regarding efforts to promote trade between Tajikistan and Pakistan. He said the two countries should try to enhance cooperation in the agriculture sector, particularly in the area of livestock.

Chief Minister Shah told the visiting dignitary that Karachi boasted two seaports, the Karachi Port and the Bin Qasim Port, both of which were being utilised by business communities in Pakistan, Afghanistan and even countries of Central Asia.

The chief minister was of the view that business forums of the two countries could play a vital role in strengthening bilateral trade and business ties.