imageISLAMABAD: All Pakistan Business Forum (APBF) hailed development in energy sector and Pakistan’s agreement with Russia for the construction of 1100 kilometers gas pipeline, from Karachi ports to the north.

The pipeline is meant to facilitate the smooth supply of almost 12.4 billion cubic meters, of Liquefied Natural Gas (LNG), per year.

The project will bring in US$ two billion investment in the energy sector of Pakistan by the Russians, according to statement issued here Wednesday.

President APBF, Ibrahim Qureshi welcomed the Russian investors (Rostec) in Pakistan and praised the recent gas pipeline deal, signed between the two countries.

Ibrahim Qureshi said Pakistan is opening up itself to the larger opportunities for investment and collaboration with international and regional State community.

Qureshi said, the investment should not be confined to the energy sector alone, Pakistan and Russia should explore the trade and mutual business opportunities as well.

APBF will extend all its positive and progressive support to the regional and international business communities indiscriminately, he said.