RECORDER REPORT

ISLAMABAD: Prime Minister Nawaz Sharif has vowed to complete energy projects under China-Pakistan Economic Corridor (CPEC) in time. Prime Minister, talking to a delegation of three leading Chinese companies Huaneng Group, Industrial and Commercial Bank of China (ICBC), and Zonergy Corporation, stated that Pakistan is facing acute shortage of energy and government has committed to overcoming the problem during its current tenure in office. Nawaz Sharif appreciated that these companies are entering into agreements for undertaking various projects in Pakistan, including those that are part of CPEC.

The government would extend all possible facilitation to Chinese companies. “We will work hand in hand with you to remove any obstacle to ensure timely completion of the planned projects,” he said, adding that the increased linkages among the business communities of the two countries would further strengthen bilateral ties.

He said the visit of the Chinese President will usher in a new era of development in Pakistan and open a new chapter in bilateral relations between the two countries. The Prime Minister was pleased that ICBC, the largest bank in the world, will look into the possibility of setting up economic zones in Pakistan and encourage Chinese businesses to invest here. The delegations stated that the strong Pakistan-China friendship provides an excellent platform for boosting business relations between the two countries and said they are very happy to be part of building the China-Pakistan Economic Corridor.

Federal Minister for Water and Power Khawaja Asif, Chief Minister Punjab Shahbaz Sharif, Pakistan’s Ambassador to China Masood Khalid and Secretary Water and Power Younus Dagha also attended the meeting.