President wishes Shell to invest in renewable resources

Vice President of the Government Relations South Asia, Royal Dutch Shell, James Hall met President Pakistan Dr Arif Alvi at Aiwan-e-Sadr Islamabad to talked about the importance of renewable resources of energy for national progress

President wishes Shell to invest in renewable resourcesPresident Pakistan Dr Arif Alvi during conversation said that Shell was one of the oldest multinationals in Pakistan and had been present in the South Asian region for over a century.

He emphasized the importance of renewable resource of energy and advised the Shell Company to invest in these areas, since it has achieved a major breakthrough in this sector.

The government of Pakistan welcomes the interest of Shell in new projects of renewable resources and hopes that the company would keep investing in Pakistan for achievement of mutually beneficial targets of economic development.

The president further said the investment policy of Pakistan has been designed to provide a comprehensive framework for creating conducive business environment for the attraction of Foreign Direct Investment (FDI).

He said Pakistan investor’s friendly Investment Policy provided no restriction on remitting capital, profits & dividends.

James Hall said “Shell has its footprint in Pakistan since the time of its independence in 1947 and has been privileged to play a vital role in the country’s progress.”

He further said “Shell had been a dedicated energy partner in the country since from the largest natural gas discovery at Sui in 1952 to the launch of the Retail Visual Identity stations in 1995 that changed the face of fuel retailing in Pakistan”.