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PM meets Chinese business leaders, seeks investment in infrastructure and energy

- July 04, 2013 - Updated 100 PKT - From Web Edition

BEIJING: Prime Minister Nawaz Sharif Thursday called upon the heads and chief executives officers of financial institutions and corporate sector to help resolve Pakistan’s energy problems and development of infrastructure projects.


Meeting with Exim Chairman


In a detailed Meeting with the President and Chairman of China’s Export-Import (EXIM) bank Li Ruogu, here at the State Guest House, Prime Minister asked Mr. Li to provide funding to the Chinese enterprises working in Pakistan. He said that with the support of EXIM bank, the pace of development in various projects in Pakistan would be fast tacked.


Prime Minister Sharif said his government wants to carry out various projects with technical and other cooperation of china at a fast track. He pointed out that his government was ready to provide sovereign guarantee to the Chinese companies who wanted to undertake various developmental projects.


Mr. Li later talking to media persons said that EXIM bank is already supporting 27 projects in Pakistan and the bank will consider to further expand our assistance in energy, transport and infrastructure projects. He said that EXIM is already funding dollars 6 billion in various projects.


Meeting with China Development Bank Chairman


The prime minister’s second meeting was with Chairman of China Development Bank Hu Prime Minister Sharif asked Mr. Hu to arrange credit line and said that a special fund will be created for the Pak-China Economic corridor. Mr. Hu assured the prime minister that he will soon send a team to study and work out details on various projects.


The Prime Minister said that Pakistan offers tremendous opportunities in coal fire power projects, infrastructure and communications.


Meeting with China Investment Corporation President


In a meeting with President and Vice-Chairman China Investment Corporation Gao Xiqing, Prime Minsiter said that the present government wanted to pull the country out of economic crisis as early as possible.


The prime minister said that his government wants to implement various projects in energy and infrastructure development with the cooperation of China.


In this connection Prime Minister Sharif said there are tremendous prospects for the Chinese in hydro, coal based projects, motor ways and high speed trains. Pakistan, he said can get benefit from Chinese friends in all these areas.


He informed that the Economic Corridor from Gwadar to Kashgar would greatly benefit not only the people of the Pakistan and China, but it can benefit regional countries.


He said it will be highly beneficial and convenient for the Chinese to export their goods from Kashgar and central parts of the country to middle east and to Europe through Pakistan.


The Prime Minister said that he had very detailed talks on this project with Chinese Premier Li Keqaing during his visit to Islamabad in May.


“We hope strong Pakistan China partnership in all these projects”, Prime Minister Sharif remarked.


The Prime Minister said that his government is willing for Chinese partnership in the construction of Basha dam in country’s northern areas.


The prime minister also invited Chinese supports in Mass Transit project for Karachi and said that the provincial metropolis needed such projects as early as possible.


Meeting with Vice President China Power Investment Corporation


Talking to Vice-President of China Power Investment Corporation Wang Zhiying, Prime Minister Sharif said with the support of the organization, Pakistan’s energy problems could be addressed.


In this regard Mr. Sharif said that his government wanted to develop Thar coal and generate energy to address Pakistan’s power shortage crisis. The prime minister also hoped that with Mr. Wang’s cooperation Pakistan could achieve these objectives quickly.


The Prime Minister also invited Mr. Wang for setting up solar energy plants in Pakistan.


The Prime Minister said that there are number of Pakistani business men who can implement various energy projects in partnership with Chinese companies.


Mr.Wang said that his company is already working on two power plants of 600 MW each generating capacity in Thar.


The Prime Minister informed Mr. Wang to use all out efforts to complete these projects soon and said if there is any bottleneck, he may directly contact the Prime Minister’s secretariat for its removal.


Meeting with Chairman Orient Group of Investment


Speaking with the Chairman Orient Group of Investment Zhang Hongwei, Prime Minister Sharif said there is big potential for oil and gas exploration in Pakistan and the government was ready to support Chinese partnership in such projects.


Chairman Zahng expressed willingness to help Pakistan in construction of a pipe line from Pakistan to China immediately and was also ready to send a team for partnership in laying down the pipeline from Iran to Pakistan.


Mr. Zahng said that his company has undertaken wind energy project for generating 1000 MW in first phase in Pakistan’s Jhampir.


The Chief Minister of Balochistan Dr. Abdul Malik Baloch said that on the directive of Prime Minister, he assured Chinese investors full security in his province.


The Chief Ministers of Punjab and Balochistan, Minister for Planning and Development Ahsan Iqbal, Advisor to Prime Minister of Foreign Affairs Tariq Fatemi, Ambassador Masood Khalid and Chinese Ambassador in Pakistan Sun Wei Dong and prominent Pakistani businessmen were also present during these meetings.

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