Many Bulgaria companies willing to invest in Pakistan

Pakistan, Bulgaria should enhance relations in different fields

Many Bulgaria companies willing to invest in Pakistan

Islamabad can use Bulgaria’s solid experience in coal power generation

  

Islamabad: April 10^th

Pakistan and Bulgaria should expand and strengthen their bilateral relations in various fields including economy, trade, culture and education, a diplomat said Wednesday.

The two countries should expand political consultations while Pakistan can make use of Bulgaria’s solid experience in coal power generation to exploit Thar Coal, said Daniel Hristov, Head of Consular Department, Embassy of the Republic of Bulgaria.

Talking to Senior Vice Chairman of Pakistan Vanaspati Manufacturers' Association (PVMA) Atif Ikram Sheikh, he said that we needs to promote economic ties and expand bilateral trade and investment.

We should also strive to enhance links between state-run as well as private educational institutions; he said adding that my country fully supports Pakistan to get EU trade concessions to improve its economy that has suffered to ensure world’s peace.

Daniel Hristov said that Bulgaria has rich experience in generating coal energy and can share its experience with Pakistan to overcome energy crisis and ensure economic revival.

The diplomat said that Thar Coal is better than lignite coal being used for power generation in many countries. The global share of coal in power generation is 37 per cent while it is 45 per cent in Asia which projected to go up to 60 per cent in 2020, he informed. Many Bulgarian companies are willing to invest in Pakistan, he said.

At the occasion, Atif Ikram Sheikh lauded the offer of Bulgaria to play positive role in Pakistan’s development. Trade relations and economic ties between our two countries would grow further in the years to come, he said.

He said that world is witnessing a shift back to the use of coal. Thar Coal is suitable for electric power generation, cement, sugar and steel industries.

Atif Ikram Sheikh said that Sindh government must simplify procedures and encourage environment for private investments which can help Pakistan attain energy security for centuries.

Pakistan can export textiles, surgical, leather and sports goods and rice and import batteries and transformers, sulphates, synthetic fibres, sunflower, rapeseeds and antibiotics.