Pakistan
PM Shehbaz orders speedy implementation of bilateral pacts with China
Says Chinese leadership is determined to expand investment in Pakistan further
Islamabad (APP): Prime Minister Muhammad Shehbaz Sharif on Saturday directed the concerned authorities to expedite the process of implementing the agreements and Memorandum of Understandings (MoUs) made with the Chinese government and companies, saying that delay in implementation of the agreements would not be tolerated.
China is a time-tested friend of Pakistan who helped Pakistan in every hour of need, the prime minister said while chairing a review meeting regarding Pak-China cooperation here at PM House.
He said the Chinese leadership was determined to expand investment in Pakistan further.
The prime minister pointed out that the transfer of the Chinese industry to Pakistan would help improve the country’s overall economy, increasing Pakistan’s exports, and creating new employment opportunities.
During the meeting, the prime minister was briefed on progress of different projects that were launched with the Chinese cooperation.
The prime minister was told that the Sukkur-Hyderabad Motorway would be completed through Public-Private Partnership.
It was informed that the plan to send 1,000 students for modern agricultural vocational training at government expense had been completed.
The first batch of students was being sent to China at the beginning of this academic year while the the next batch would be sent to the modern Chinese agricultural universities after learning Chinese in Pakistan.
Furthermore, the meeting was informed that the plan to transfer the power plants running on imported coal to local coal was also in the final stages.
As regards business and investment opportunities in Pakistan, a roadshow was being organized in Beijing with the cooperation of China.
A comprehensive road map was presented to the meeting regarding the transfer of Chinese industries in Pakistan.
It was informed in the meeting that the Chinese textile, medical and surgical equipment, plastic and leather industries will be partnered with Chinese companies to move to Pakistan.
“78 Pakistani companies have initially expressed deep interest in cooperation for the transfer of Chinese industries to Pakistan,” the meeting was informed.
In this regard, the Board of Investment (BoI) presented a comprehensive report on the progress and action plan.
The prime minister appreciated the steps and recommendations of BoI in this regard.
He directed the relevant departments and officers to provide all kinds of facilities to Pakistani companies in collaborating with Chinese companies.
The meeting was attended by Deputy Prime Minister and Foreign Minister Mohammad Ishaq Dar, Federal Ministers Jam Kamal Khan, Abdul Aleem Khan, Ahad Khan Cheema, Muhammad Aurangzeb, Attaullah Tarar, Dr Musadik Malik, Sardar Awais Ahmed Khan Leghari, Minister of State Shaza Fatima Khawaja, Special Assistant Tariq Fatemi, Deputy Chairman Planning Commission Jehanzeb Khan and other high officials. Federal Ministers, Ahsan Iqbal, Khawaja Asif and Rana Tanvir Hussain attended the meeting via video link.