A delegation of Chinese Investors led by Ren Zhineng, chairman of the Board and Party Secretary of Chengdu Xingcheng called on Punjab Chief Minister Shehbaz Sharif on Thursday and expressed interest in investing in the construction of low-income houses.
Conversing on this occasion, Ren Zhineng said that excellent development of Punjab is due to passionate leadership of Shehbaz Sharif and new terminology of Punjab-speed is being used in China now supplanting old Xenchen-speed which not only symbolizes the speedy completion of projects but also depicts the confidence of Chinese Leadership and people in Shehbaz Sharif and his policies.
He said that successful execution of projects like Metro Bus and Orange Line Metro Train are self-exploratory precedents of extraordinary abilities of Shehbaz Sharif which has provided standard Mass Transit facilities for the people of his province.
Showing interest in investment in Punjab Housing Sector, Ren said that his group is ready to extend all out cooperation for construction of low-income houses and will promote partnership with Punjab government regarding urban development. He invited Shehbaz Sharif to visit Chengdu.
Speaking on the occasion, the chief minister said that CPEC has given a new dimension to Pak-China friendship and this project will change the course of history. He said that cooperation of Chinese President Xi Jinping and Prime Minister Li Keqiang in construction and development of Pakistan is appreciable.
He said that Chinese investors are benefitting from a conducive environment for investment in Pakistan especially Punjab. He said that investment has increased due to CPEC and other countries are also now showing interest to join CPEC. There exists a considerable measure of meander for investment in Punjab Housing Sector and Chinese Group cooperation in constructing low-income houses is highly welcomed, he added.
Shehbaz Sharif said that this project needs to be operated professionally as it will generate various employment opportunities; he asked Chinese Group to review project of construction of low-cost houses in Lahore, Faisalabad, and Sialkot.