can be nurtured by promoting venture capital and private equity funds and enhancing the skill base of population in this area. government of pakistan, planning commission : export plan – pakistan inc. 2007. infrastructure to enhance the competitiveness of pakistan ’ s industry and exports, it is however critical to bridge infrastructure gaps. the government has developed a broad based strategy and short, medium and long term plan for energy sector. pakistan has good domestic reserves of oil, gas and other fuels and hydro potential. the investment requirements and opportunities arising from a well designed and integrated energy security plan that offers an asian energy corridor are enormous. potential within this corridor exists for mega projects that involve development, sharing and trading of energy resources between the largest producers of oil and gas in the central asian republic and middle east to the deficit countries including china, india and pakistan. to ensure energy security and sustainability, pakistan ’ s energy plan recognizes the growth in domestic demand for energy that has to be catered by exploitation and development of balanced energy mix with maximum reliance on indigenous and environment - friendly resources, besides tapping the regional resources. recognizing this, pakistan plans to i. optimize energy mix between hydel : thermal from existing levels of 28 : 72 to 39 : 61 in the years ahead by exploiting all key sites with substantial hydel generation potential – this program will help in fuel substitution and energy efficiency resulting in savings of oil imports ; ii. enhance exploration and development of gas reserves. gas supplies are to be supplemented by exploiting cross border energy transaction through iran - pakistanindia pipeline, turkmenistan and qatar - pakistan pipelines and import possibility of lng ; iii. unleash coal potential given the large measured reserves estimated to 3, 300 million tons with substantially large inferred reserves. major deposits are in sindh province in thar though other pockets also are showing promising signs ; and iv. exploit renewable energy resources. investment requirements for key infrastructure programs were estimated to be in the range of $ 39 billion for 2005 - 2010. over the long term, investment requirements will be staggering as, by some estimates, the aggregate power generation requirements alone will be around 143, 310 mw during 2005 - 2030. since 1994, generation has been largely in private sector and wapda – the largest utility company of pakistan – has been unbundled by spinning off the regional distribution companies which are to be privatized. given fiscal constraints, pakistan has scope for limited public investments so bulk of the new development projects is to be available

state bank of pakistan governor ’ s speech share purchase agreement with the consortium of chinese exchanges january 20th, 2017 bismillah hon ’ ble senator muhammad ishaq dar, finance minister of pakistan mr. zafar hijazi, chairman secp mr. munir kamal, chairman, pakistan stock exchange ambassador peoples republic of china distinguished guests, ladies and gentlemen, assalam - o - alaikum and good morning! i am very thankful to pakistan stock exchange to invite me today at this historic occasion in our economic history. can a single word be used to describe the prosperity of developed countries in the past few decades? if i were to answer this question, i would say collaboration. in this global world, it is not possible for economies to grow in isolation. hence, it should not come as a surprise to anyone that the most successful countries are the one that work in tandem with their neighbors and / or trading partners. pakistan and china are taking that exact path beyond which a great future awaits! before i move any forward, please allow me to take you to a short visit down the memory lane when pakistan economy was challenged with multiple headwinds. be it war on terror that led to lower than desired security situation in the country, energy shortfalls, insufficient foreign exchange reserves, or lack of foreign investment ; we have rebounded strongly than what was anticipated of us. with adequate economic policies and the assistance of international agencies, we have firmed up our feet on the ground. however, we did not stop there ; we continued with our efforts to take our economic growth and public well - being to a higher level. to achieve those goals, pakistan required the necessary impetus in the form of capital investment and opportunities. this is where the role of our closest friend and ally china has been instrumental! state bank of pakistan it is an applaudable step of a country like china to get integrated with the rest of the world. for this purpose, the country has rightly focused on the strategic location of pakistan. the investment of china in pakistan as just one route of its corridor has now begun a string of partnerships that would further strengthen the bond between the two countries. ladies and gentlemen, one of the outcomes of those efforts is the reason that we have gathered here. the signing ceremony of share purchase agreement by the consortium of chinese exchanges and local financial institutions is a surely a landmark event for the asian capital market. the investment of the consortium will not only enhance the credibility of pakistan stock