US support for Pakistan energy sector lauded

Pakistan's business community welcomed the decision of United States Congress for releasing $280 million to support Pakistan's energy sector.

Yassar Sakhi Butt, President Islamabad Chamber of Commerce and Industry, said the move would demonstrate a marked improvement in bilateral relations between Pakistan and the United States.

ICCI President said that US investors should also invest in wind energy because Pakistan has potentials of wind energy ranging from 10000 MW to 50000 MW but currently producing very small megawatts of power from this source due to lack of foreign investment in wind energy sector.

He said that said that delay in fulfillment of export consignments has become a matter of routine due to power outages but infrastructural improvement in various dams because of released funds by US would increase country’s energy resources and help power sector institutions more effectively meet the energy needs of industries as well as household sector.

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