Islamabad, Nov 13 (IANS): Pakistan Information and Broadcasting Minister Pervaiz Rashid Thursday said that Prime Minister Nawaz Sharif's visit to China, Germany and Britain will help attract investment in Pakistan, particularly in the energy sector.

He said that as a result of foreign investment, economic activities would be enhanced, employment opportunities would be created and price hike would come down, the Daily Times reported.

He said that Sharif was visiting foreign countries keeping in view the needs of Pakistan.

Rashid said Pakistan was in dire need of cheap electricity.

He said that projects worth $42 billion were signed during the prime minister’s visit to China and, of these, projects worth $34 billion were in the energy sector.

He said that the priority projects were related to generation of cheap electricity which was coal based.

Rashid said that Sharif, during his visit to Germany, met businessmen and addressed an investment conference there.

German investors have assured they would invest in Pakistan.

He said the prime minister's Britain tour was also aimed at attracting investment to Pakistan.

He termed these visits very productive for Pakistan.