Investor-friendly policies attract new canadian oil company
By Muhammad Ali Malik

ISLAMABAD—The Government investor-friendly policies and package of incentives envisaged in the new petroleum policy has attracted the Canadian Heritage Company to invest in oil & gas exploration activities in Pakistan.
This was revealed by the Chief Executive of Canadian Heritage oil & gas company Mr. Smith Brian who paid a courtesy call on the caretaker Federal Minister for Petroleum & Natural Resources, Mr. Ahsan Ullah Khan here. Secretary Petroleum Mr. Farrukh Qayyum, Chief Executives of Sprint and Trekker oil & gas exploration program to be undertaken by the Heritage joint venture in Sanjawi block falling in the Loralai and Kohlu districts of Balochistan with the initial investment of over US$ 10 million. The Minister welcomed the Canadian, Heritage joint venture investment in the oil & gas exploration activities in the country and assured full cooperation in this regard. He said that the Government has provided a level playing field to the investors in the oil & gas sector and lucrative incentives were yielding dividends to attract investments in the country.