Vice President, Government Relations South Asia, Royal Dutch Shell Mr. James Hall calls on President Dr. Arif Alvi. 13/11/19
13/11/2019
PRESIDENT’S SECRETARIAT (PUBLIC)
PRESS WING
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(PR No. 169/2019)
Vice President, Government Relations South Asia, Royal Dutch Shell
Mr. James Hall calls on President Dr. Arif Alvi
ISLAMABAD; NOVEMBER 13, 2019: Vice President, Government Relations
South Asia, Royal Dutch Shell, Mr. James Hall called on President Dr Arif
Alvi at Aiwan-e-Sadr, Islamabad today.
The President said that Shell was one of the oldest multinationals in
Pakistan and had been present in the South Asian region for over a century.
Underlining the importance of renewable resource of energy, he urged the
Shell Company to invest in these areas, since it has achieved a major
breakthrough in this sector.
The President said that 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
underscored that Pakistan investor’s friendly Investment Policy provided no
restriction on remitting capital, profits & dividends. The Government of
Pakistan welcomes the interest of Shell in new projects and hopes that the
company would keep investing in Pakistan for achievement of mutually
beneficial targets of economic development, he added.
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,” “Right 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, Shell has been a dedicated
energy partner in the country. We are making a paradigm shift in our
strategy by implementing a structured convenience retailing model for our
customers across our service station network, which would be another
milestone for Downstream in the country.”
Mr. Hall also said “We are committed to working with the Government,
sharing insights in energy transition and transitioning to a low-carbon
future, building a sustainable energy future for Pakistan together.”
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