Samsung targeting to invest in energy sector

STAFF REPORT IBD: Joonwoo Choi, Samsung CandT Corporation General Manager, during his recent meeting with Board of Investment (BOI) Chairman Dr Miftah Ismail and BOI Acting Secretary Imran Afzal Cheema to discuss new investment prospects in Pakistan.

On the occasion, Choi apprised them about his companys expertise, and its interest in investing in Malakand Tunnels construction as well.

Meanwhile, in a bid to provide cheap transport, BOI Honorary Investment Councillor Feroz Shah said the company may be asked to make automobile rickshaws more fuel efficient. For the purpose, Samsung could manufacture electric batteries as an alternative fuel source for CNG rickshaws. The same kind is already operating in Manila with the technology made by the company.

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