Beijing- Punjab Chief Minister Muhammad Shahbaz Sharif says a coal powered steel mills would soon be set up after the exploration of iron ore reserves in the Rajwa area of Chiniot.
Talking to media at the Boao Forum in China, he said that the initial results of exploration are very encouraging and the standard of iron ore found in the area is no less than that of Brazil, Russia and India.
The Chief Minister said an agreement for exploration of iron ore has already been signed with a Chinese company and the project would open up a new era of progress and development in the country. Shahbaz Sharif said a Quaid-e-Azam Apparel Park would also be set up in Punjab with the cooperation of a Chinese group with an investment of two billion dollars. He said the same group has also expressed interest in setting up two coal power plants of 660 megawatt each in Sahiwal.