Nawaz urges Chinese investors to invest in energy sector

Prime Minister Nawaz Sharif on Thursday urged Chinese investors to invest in energy and infrastructure sectors of Pakistan.
He was talking to President China Investment Corporation in Beijing who called on him Thursday and expressed his desire to invest in transforming power plants run on furnace oil into coal based plants.
He said Pakistan wants to benefit from China’s development experiences particularly in energy sector.
Nawaz said Sino-Pak economic corridor would be the biggest development project between the two countries.
Talking to media in Beijing, he expressed satisfaction on the interest taken by Chinese investors in Pakistan’s development.
He said it is also matter of satisfaction that China is taking keen interest in achieving the goals of economic development set by Pakistan.
Nawaz said he has held positive and constructive dialogue with Chinese investors and bankers hoping that these will lead to expedite economic activities in Pakistan. He said a Chinese Company has shown interest to launch Metro Mass Transit Project in Karachi which will provide cheap and speedy transport facility to the people.
The PM hoped that the proposed rail and road corridor between China and Pakistan will open new avenues of economic development and prosperity in the region.
He expressed the confidence that this project will change the destiny of the people of the region.
Meanwhile, talking to Exim Bank of China President, Nawaz said Pakistan values China’s assistance and cooperation in various fields.
The PM said Pakistan attached great value to investment done by export and import bank of china in Pakistan. He stressed that export and import bank of china should provide capital to companies interested in investment in Pakistan.
The prime minister assured that his government would provide foolproof security to the Chinese firms engaged in carrying out various projects in the country.
The bank president said the bank had so far invested six billion dollars in Pakistan and will provide more funds for development projects particularly in the energy sector.
Punjab Chief Minister Shahbaz Sharif‚ Planning and Development Minister Ahsan Iqbal and Adviser Tariq Fatmi were also present.
Separately, Nawaz along with his entourage also inspected the Chinese oldest underground Metrol system in Beijing this morning.
He was informed at a briefing this this system has 227 stations and is the second largest in the world.