Imran urges govt to facilitate foreign investors in KPK

PESHAWAR: Pakistan Tehreek-e-Insaf Chairman Imran Khan on Sunday urged the federal government to provide security and other facilities to foreign investors in Khyber Pakhtunkhwa.

“A US-based company has shown interest to invest US$100 billion in oil and gas sector of KPK,” he said while talking to newsmen after inaugurating of a gas reserve in Matni area of Peshawar.

He said KPK had great potential of oil and gas. However, there was need to allocate maximum resources for exploration of these reserves.

He said huge reserves of natural gas had been identified at six places at Mattani, in the outskirts of Peshawar.

Imran Khan on Sunday said that KP had enough reserves of oil and gas reserves which could ultimately cater the country’s requirement.

If the KP’s natural resources were exploited, then there would be need to import gas and oil from abroad, he said.

He called for issuing a No Objection Certificate (NOC) for the KPK as American companies were ready to invest Rs 100 billion in the province.

He said exploration of KP’s resources was important as current reserves of Sindh and Balochistan were running out.