Punjab Chief Minister Shahbaz Sharif has said that proper utilisation of coal reserves available in the province could help overcome the energy crisis. The CM was talking to a delegation of Overseas Investors Chamber of Commerce and Industry at the Chief Minister’s Secretariat on Thursday. Heads and representatives of Proctor and Gamble, Faysal Bank, Karachi Electric Supply Corporation, SGS Pakistan, Attock Cement, Pakistan Petroleum, Oxford University Press, BMA Capital Management and Asia Petroleum were present.

The CM said the Punjab government had finalised a comprehensive and consolidated coal policy, which will go a long way in generation of power as well as increasing foreign investment. He said the process of identification of 7,000 acres of land containing high grade coal reserves had been completed near Khushab, which was only 15 km away from the Motorway. He said the Punjab government was in contact with local and foreign companies for investment and the provincial secretary commerce had been delegated responsibilities in this regard.

He said that in addition to coal-based projects, the Punjab government was also working on the programme of power generation from barrages in the province. The CM said that his meeting with members of the overseas chamber was of extraordinary importance as he wanted to accelerate the process of investment in the province with their help.