RAWALPINDI, May 10: Argentina has offered investment in water and power sector in addition to promoting tourism in NWFP.

The offer was made by Argentinean ambassador in Pakistan Rodolfo Martin Saravia the Federal Minister for Water and Power and Tourism, Raja Pervez Ashraf in Islamabad on Friday.

The ambassador also offered to invest in the Basha Dam and send technical expertise for the dam, saying that the Argentinean investors are also keen in power projects in Chitral and NWFP.

The Argentinean Ambassador said that the investors were aware of the energy crisis world over and informed the minister that his country had great experience in hydel and thermal power generation particularly in construction of dams and offered that his government would provide any possible assistance to Pakistan in this regard.

The Argentinean investors were also looking for investment in the tourism sector and in this regard ready to develop areas near Basha dam, in Chitral and other beautiful sites in other parts of the country to attract tourists, he said.

Ambassador Saravia invited the Minister to visit Argentina and negotiate deals with the investors.

Earlier, the Minister welcomed the Ambassador and apprised him of the current energy situation in the country. He said that the new political government of Pakistan was determined to facilitate foreign investment in water and power sector.

He said that today Pakistan was facing great challenges especially in power sector and need about 4000 to 6000mw additional power per day to meet the demand of electricity.

Opinion

Editorial

PTI in disarray
Updated 30 Nov, 2024

PTI in disarray

PTI’s protest plans came abruptly undone because key decisions were swayed by personal ambitions rather than political wisdom and restraint.
Tired tactics
30 Nov, 2024

Tired tactics

Matiullah's arrest appears to be a case of the state’s overzealous and misplaced application of the law.
Smog struggle
30 Nov, 2024

Smog struggle

AS smog continues to shroud parts of Pakistan, an Ipsos survey highlights the scope of this environmental hazard....
Solidarity with Palestine
Updated 29 Nov, 2024

Solidarity with Palestine

The wretched of the earth see in the Palestinian struggle against Israel a mirror of themselves.
Little relief for public
29 Nov, 2024

Little relief for public

INFLATION, the rate of increase in the prices of goods and services over a given period of time, has receded...
Right to education
29 Nov, 2024

Right to education

IT is troubling to learn that over 16,500 students of the University of Karachi (KU) have defaulted on fee payments...