Wednesday November 02, 2022

Chinese Companies Keen Interest In Investment, Joint Ventures In Pakistan

Islamabad: The Chinese companies have evinced keen interest in investment and joint ventures in Pakistan.

During a meeting with Prime Minister Shehbaz Sharif in Beijing on Wednesday, they also accepted the invitation to invest in mega projects including Karachi clean drinking water project.

The Prime Minister invited the top ranking Chinese companies to visit Pakistan and offered them to jointly work on his government’s initiative of generating ten thousand megawatts of electricity through solar.

The Prime Minister stressed for accelerating pace of work on Gwadar airport. The Chinese side assured to complete the project by the beginning of next year.

Shehbaz Sharif said ever since assuming office, he has removed hurdles faced by the companies. He said we have paid the outstanding amount of one hundred and sixty billion rupees to the Chinese companies. Fifty billion rupees were paid yesterday and a revolving fund of fifty billion rupees has also been established.

The Prime Minister assured to resolve problems pertaining to acquisition of land for Diamer Basha Dam.

Referring to Dasu Hydropower project incident, Shehbaz Sharif said the perpetrators have been arrested and they will be given exemplary punishment.

The Prime Minister said best possible security arrangements are being made for the Chinese workers and security of those associated with the CPEC and other projects will be ensured. He said the security of Chinese brothers and sisters is as dear to him as that of Pakistani citizens.

He said the people of Karachi are faced with the issue of water and we are ready to work with the Chinese side in this matter.

The Prime Minister thanked the Chinese companies for showing interest in ML-1 and other projects.

He was also appreciative of Chinese side for extending a helping hand to the flood victims.

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