Musharraf calls on Kuwaitis to invest in Pakistan

KUWAIT CITY — Pakistan’s president called on Kuwaitis yesterday to invest in his country, especially in its energy sector, and urged an improvement in economic ties between the nations.

By (AFP)

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Published: Mon 5 Dec 2005, 9:45 AM

Last updated: Thu 2 Apr 2015, 4:16 PM

General Pervez Musharraf, on a six-day Middle East trip, said Pakistan’s energy demands are growing fast and his government has to "take action now to ensure we don’t fall short” of future needs.

He told businessmen at Kuwait’s Chamber of Commerce and Industry that he was "looking in a big way” for investments in hydroelectricity, oil refineries and even wind energy.

Musharraf arrived in this small oil-rich state on Saturday, the first stop on a Middle East visit that includes Yemen and Saudi Arabia, where he will attend a meeting of the Organization of Islamic Conference which opens on Wednesday.

The president lamented that trade was very low with Kuwait and said economic ties need to become as good as political ties between the two countries.

"There is tremendous scope for enhancing trade,” he told businessmen during his address.

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