Fortescue Metals Express Keen Interest To Invest In Pakistan

Australian Iron Ore Giant Fortescue Metals On Monday “Expressed Keen Interest” To Invest In Pakistan’s Renewable Energy Sector And Green Industry

Fortescue Metals Express Keen Interest To Invest In Pakistan

A statement from the Prime Minister’s Office said.

Andrew Forrest — the chairperson of Fortescue Metals Group Ltd, a global leader in the iron ore industry as well as renewable energy and resources sector — held talks with Prime Minister Imran Khan earlier today in a meeting attended by Adviser to the PM on Commerce, Textile, Industry and Investment, Abdul Razak Dawood, and Board of Investment (BOI) Chairperson Atif R Bokhari.

According to the PM Office, Forrest “expressed keen interest of Fortescue Metals Group Ltd in making investment in renewable energy sector and green industry”.

“He expressed hope that the investment by Fortescue Group would result in creation of employment opportunities for the local community and introduction of new technology solutions for a host of industries,” the statement added.

PM Imran expressed his appreciation to the Fortescue boss for his company’s interest in Pakistan and assured of all possible facilitation in conducting business in the country.

The prime minister also hoped that Australian iron ore giant’s investment would lead to creation of job opportunities for locals and an “introduction of new technology solutions for a host of industries”.

Forrest lauds govt’s coronavirus strategy

The premier underscored Pakistan’s economic recovery in the aftermath of the coronavirus pandemic and his government’s investment-friendly policies.

He also spoke about the PTI-led regime’s smart lockdown initiative to stop the illness from spreading and the administration’s move to reach out to the millions of underprivileged people through the “flagship Ehsaas Program”.

‘Net zero operational emissions by 2040’

Interestingly, the Australian iron ore producer announced earlier this year to “to achieve net zero operational emissions by 2040” as part of its emissions reduction goal in light of the global climate change challenge.

Fortescue Metals’ “goal is core to our Climate Change Strategy and is underpinned by a pathway to decarbonisation, including the reduction of Scope 1 and 2 emissions from Existing Operations by 26 per cent from 2020 levels, by 2030,” its website says. “We undertook a climate change focused risk assessment in June 2020.”

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