Pakistan encouraging Chinese investment

Mechanism to be devised for implementing joint energy projects.


Express August 01, 2011

BEIJING:


Federal Water and Power Minister Syed Naveed Qamar has said Pakistan is extending maximum facilitation to Chinese entrepreneurs and is encouraging them to invest in the energy sector.


The minister was talking to China National Development Reform Commission’s National Energy Administration Administrator Liu Tienan, who received him at Diaiotai State Guest House on Monday evening. Qamar was visiting China for attending an important meeting of Pakistan-China Joint Economic Working Group.

Qamar said the issue of energy shortage was of utmost importance for the Pakistani people, adding the working group could be an ideal platform where all energy-related issues could be brought for discussion and speedy implementation.

Tienan expressed confidence that the working group would provide a good opportunity to search for solutions to meet energy shortage in Pakistan.

The two ministers decided that a mechanism would be devised for early implementation of energy projects between the two countries.

They agreed that existing energy projects would be consolidated and efforts would be made to expedite their completion and to arrange financing. The working group will also study future energy requirements of Pakistan and submit proposals for their implementation.

The Pakistani delegation included Ambassador to China Masood Khan, Wapda chairman, Pepco managing director, AEDB chairman and PPIB MD.

Earlier, in a separate meeting with Sino Hydro Corporation Board Chairman Huang Bao Dong, Qamar discussed matters related to the construction of Gomal Zam, Darawat and Diamer-Bhasha dams.





Published in The Express Tribune, August 2nd, 2011.

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