Attock Companies intend to double capacity

Attock Companies intend to double capacity
Published: 13 April 2004

Pakistan, with its fast-improving economy, offers a conducive investment climate with tremendous potential, opportunities and rewards for foreign investors, Ghaitch R Pharon, Chairman, Attock Group of Companies, said Thursday. Pharon, who called on President General Pervez Musharraf, also told journalists that the Attock Companies intend to double the capacity of its cement plant in Karachi. In addition, the Comapnies would also like to set up a 150 to 250 MW power plant adjacent to it oil refinery. Crediting the President for the rapid economic advancement, coming in the wake of consistent reforms and policies, he said Pakistan is now seen as one of the most attractive countries for foreign investment.

"The President has achieved wonderful economic results, I have been here for quite a while and I can say with certainty that the country’s economy has never been in better shape than this." Pharon said the Group of Companies also view favourably a gas pipeline project between Peshawar and Rawalpindi. The companies will also bid for a GSM mobile phone company in tandem with some partners in the Middle East. "The growing economy and a business-friendly approach, prompts investors to look at Pakistan’s tremendous prospects, and the investors, already present in the country, are vigorously viewing to expand their business," he told local news sources.