South Asian business: PM meets Chinese delegation

Interest shown by foreigners in energy projects to fulfill needs.

ISLAMABAD: A delegation of China Gezhouba Group Investment Holding Company, led by its Chief Financial Officer Mr Lin Xiaodan, called on Prime Minister Nawaz Sharif.

While talking to them at the Prime Minister House, Sharif said the government is taking steps to meet the energy shortage in the country.

He said the government has made investor-friendly policies to encourage foreign investment in Pakistan, particularly in the power sector.

The delegation expressed interest in investing in the Neelum-Jhelum hydro project as well as in the coal-fired projects, LNG-based and solar power plants in Pakistan.

They informed the prime minister that the Chinese government is encouraging their businesses to benefit from investor-friendly policies of Pakistan.

Sharif stated that the government has fixed timelines for all projects and any company undertaking energy projects in the country is expected to follow them strictly so that the high demand of electricity in the country can be met within the stipulated timeframe.

He said that the Pakistan-China relationship is unmatched and more economic cooperation will further strengthen the trade relations.

Published in The Express Tribune, March 14^th, 2015.

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