Pakistan seeks Chinese investment in solar power

Fawad Chaudhry invites investors to set up solar panel manufacturing plants

LAHORE: China has always provided support and assistance for Pakistan’s economic and social development, said Federal Minister for Science and Technology Chaudhry Fawad Hussain.

Speaking at the inaugural ceremony of the seventh Pak-China Business Forum and Industrial Expo in Lahore on Monday, the minister highlighted that the China-Pakistan Economic Corridor (CPEC) had transformed ties between the two neighbours into greater economic cooperation.

“There are vast opportunities of investment in the solar power sector of the country,” he said and invited Chinese investors to establish manufacturing plants for solar power products.

The minister voiced hope that China would grab the opportunities offered by Pakistan and invest in renewable sources of energy in the country. Turning to the situation in Kashmir, he said the occupied region had been turned into a jail by Indian Prime Minister Narendra Modi and the freedom struggle of Kashmiris would definitely bear fruit.

He also pointed out that Muslims in Assam had been stripped of their citizenship and they had started raising voice against the Indian government as well.

India was facing difficulties due to Modi’s policies and its economy was deteriorating, he remarked.

Also speaking on the occasion, Comsats Rector Professor Dr Raheel Qamar said many opportunities were available in Pakistan for young graduates. “We need to develop them which is the major purpose of this event,” he said.

Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Regional Chairman Abdul Rauf Mukhtar was of the view that the Pak-China Business Forum would provide assistance for match-making, video conferencing, business-to-business meetings and more to help enhance bilateral relationship between the two countries. Everest International Expo Chairman Wang Zihai said the aim of the event was to explore untapped markets of China and Pakistan keeping in view the latest trends of business and technology in every industry.

“It is hoped that this event will also help attract foreign investment, resulting in global connectivity and enhanced job opportunities,” Wang said.

Published in The Express Tribune, September 3^rd, 2019.

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