PM seeks Chinese investment in energy, infrastructure sectors

SANYA - Prime Minister Muhammad Nawaz Sharif on Friday said the early harvest projects are important for Pakistan and their timely completion will give a boost to national economy.
The Prime Minister stated this at a breakfast meeting with Chinese investors in Sanya, China.
Qui Yafu Chairman RUYI group, a textile company, and Wang Weng Zong CEO Huaneng Shanday, a power company, met the Prime Minister. The Chinese companies showed intent to form a consortium for investment in power sector in Pakistan. They appreciated the investment policies of Pakistan and said that pro-investment policies had attracted them for investment in Pakistan. The Prime Minister said that the Chinese investment is important for Pakistan and it will bring Pakistan’s economy into take off stage. He said there are several opportunities in energy and infrastructure sector which provide investment opportunities to Chinese investors. The Prime Minister assured full support and assistance of the government and told that the minor hiccups would be tackled. The two sides also exchanged documents showing agreement and intent of the two sides for investment in Sahiwal Power Plant. The Prime Minister while talking to the media at this occasion said the Chinese consortium had agreed to invest in Sahiwal Power Plant which is another milestone achieved in the energy sector projects. He said that the construction of the project will begin in May this year and will be completed by 2016. It will have two power plants each of 660 megawatt producing 1320 megawatts.

ePaper - Nawaiwaqt