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Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: Pakistan eyes $75 bln investment: minister AFP - Saturday, August 1 ISLAMABAD (AFP) - - Pakistan expects to attract 75 billion dollars investment over the next five years, helping to overcome a crippling energy crisis and Taliban violence, a cabinet minister said Friday. ADVERTISEMENT "Our target is to attract a total of 15 billion US dollars per year through foreign and local investment," said minister for investment Waqar Ahmed Khan, unveiling a draft policy. "Our country has immense opportunities for both foreign and local investment and we have drafted this policy to cash them," he said, hailing recent military operations against the Taliban for improving Pakistan's image abroad. The Pakistani army launched an offensive to dislodge Taliban guerrillas from the northwestern districts of Buner, Lower Dir and Swat after rebels flouted a peace deal and thrust further south towards the capital Islamabad in April. "People around the world are satisfied after our military offensive against the Taliban and we hope this policy will provide us good results," said Khan. Pakistan faces a catastrophic energy crisis, able only to produce 80 percent of the electricity it needs, suffocating industry, making life unbearable in extreme winter and summer, and causing widespread civil disturbance. But Khan said the government expected "huge investment" in the power and gas sector. "Qatar has assured us cooperation in the gas sector and there are so many other opportunities," Khan said. Various foreign companies had also invested heavily in 3,500 megawatt electricity projects to meet demand, he added. Khan said Pakistan was also engaged in talks with the United States and other powers to establish rehabilitation opportunity zones (ROZ) in the North West Frontier Province and tribal areas bordering Afghanistan. "We have a rough idea of establishing 10 zones in the northwestern belt with the support of US and other foreign friends," he said. Email Story IM Story Printable View Blog This Sign in to recommend this article » 0 users recommend Related Articles: China's Economy IPO VIEW-CDC Software tries to ride wave of Chinese IPOsReuters - 2 hours 13 minutes ago US STOCKS-Wall St gains on cautious optimism over GDPReuters - 2 hours 32 minutes ago WTO takes up China-US dispute over poultryAFP - Saturday, August 1 Pakistan eyes $75 bln investment: ministerAFP - Saturday, August 1 Related Articles: Business GLOBAL MARKETS-World stocks hit 9-1/2 month highs; oil slipsReuters - Saturday, August 1 US STOCKS-Wall St gains on recovery bets, but cautiousReuters - Saturday, August 1 Euro pares gains vs yen after Treasury auctionReuters - Friday, July 31 Russia starts new pipeline, Exxon under pressureReuters - Friday, July 31 US STOCKS SNAPSHOT-Wall St extends gains after Treasury auctionReuters - Friday, July 31 Enlarge Photo Pakistan eyes $75 bln investment: minister Related Photos Slideshow Full Photo Coverage: Business & Economy Related Full Coverage China Economy china economy All Full Coverage Most Popular – Business Viewed Custody deal agreed for Jackson's children Sunbeds elevated to top cancer risk level: WHO Beer flows as Obama tries to cool down a hot furor Comets probably won't cause the end of life as we know it: study Organic food not healthier, says British study View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

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