President and Chief Executive Officer of a Saudi group associated with energy sector Anwar Aleitani met Punjab Chief Minister Muhammad Shahbaz Sharif here on Monday. Matters regarding investment in energy and other sectors were discussed in the meeting.

The Saudi investment group expressed interest in investment in coal and solar based power generation projects in Punjab.

On the occasion, the Chief Minister said that energy crisis being faced by Pakistan is leaving a negative impact on economy as well as education, health, agriculture, industrial and other social sectors. He said that industrial and trade activities have also been affected by shortage of electricity. He said that government is taking effective measures for overcoming energy shortage as soon as possible and work is being carried out expeditiously on power generation projects. He said that there are deep-rooted brotherly and friendly relations between Pakistan and Saudi Arabia. The Chief Minister also welcomed the interest shown by Saudi group in investment in power sector. He said that Punjab government is providing facilities to foreign investors on priority basis. He said that work is being carried out speedily on solar power project in the province while sites have also been identified for establishing small solar projects.

He said that work is also being undertaken expeditiously on generation of power from coal.

President Saudi Investment Group Anwar Aleitani said that his group wants to invest in energy sector in Punjab as it is impressed with the determination and spirit of CM Muhammad Shahbaz Sharif.