Efforts are being made to attract maximum investment from Oman and Middle East in the private sector and for the development of infrastructure, industrial estates in Pakistan, Advisor to Prime Minister Dr. Salman Shah said. Talking to the reporters after a presentation given by Pak-Oman Investment Company Limited, Shah said petrol price is a phenomenon and the government is pursuing a multi-faceted strategy in which imports will be reduced and possible consumption of petrol will be replaced with gas in power generation. The advisor stressed the need of more exploration for the purpose, and said Prime Minister Shaukat Aziz has directed Oil and Gas Development Corporation (OGDC) for exploration of more oil and gas reserves. There are huge reserves of coal in Sindh, which should be used to further accelerate the power generation, Shah said. He said the government is working on all these aspects to minimize the impact on prices. On the occasion, President of the Pak-Oman Investment Company Limited Zafar Iqbal said that $100 million investment has been indicated in Oil and Gas and Telecommunication sectors during the last six months. Two financial companies of Oman are interested for the establishment of micro-finance bank, he said
