Nawaz Sharif meets financial, corporate chiefs, invites participation in energy, infrastructure development

BEIJING: Prime Minister Mian Muhammad Nawaz Sharif Thursday held detailed meetings with heads and chief executives officers of financial institutions and corporate sector and emphasized them to contribute in addressing Pakistan’s energy problems and development of infrastructure projects.

Meeting with the President and Chairman of China’s Export-Import (EXIM) bank Li Ruogu, here at the State Guest House, Prime Minister asked Mr. Li to provide funding to the Chinese enterprises working in Pakistan.

He said that with the support of EXIM bank, the pace of development in various projects in Pakistan would be completed in fast track.

Prime Minister said that his government wants to carry out various projects with full speed in cooperation with China.

He pointed out that his government was ready to provide sovereign guarantee to the Chinese companies wanted to undertake various developmental projects.

China and Pakistan, the Prime Minister said are important friends and we are grateful to China for their support in various areas of economy.

Mr. Li later talking to media persons said that EXIM bank is already supporting 27 projects in Pakistan and the bank will consider to further expand our assistance in energy, transport and infrastructure projects.

He said that EXIM is already funding dollars 6 billion in various projects.

Meeting with Chairman of China Development Bank Hu Huaibang prime minister briefed about his government polices and asked for his support.

Prime Minister asked Mr. Hu to arrange credit line and said that an special fund will be created for the Pak-China Economic corridor.

He also assure that a separate fund will also be setup for infrastructure development projects.

He said that his institution will further pumped money in the existing Pakistan China Investment Company for various projects.

He assured the prime minister that he will soon send a team to study and work out details on various projects.

The Prime Minister said Pakistan offers tremendous opportunities in coal fire power projects, infrastructure and communications.

In a meeting with President and Vice-Chairman China Investment Corporation Gao Xiqing, Prime Minister said that the present government wanted to pull the country out of economic crisis as early as possible.

The Prime minister said that his government wants to implement various projects in energy and infrastructure development in cooperation with China.

In this connection Mian Nawaz Sharif said that there are tremendous prospects for the Chinese in hydro, coal based projects, motor ways and high speed trains.

Pakistan, he said can get benefit from our Chinese friends in all these areas.

He informed that the Economic Corridor from Gwadar to Kashgar would greatly benefits not only the people of the Pakistan and China, but it can benefit regional countries.

He said that it will be highly beneficial and convenient for the Chinese to export their goods from Kashgar and central parts of the country to middle east and to Europe through Pakistan.

The Prime Minister said that he had very detailed talks on this project with Chinese Premier Li Keqiang during his visit to Islamabad in May.

“We hope strong Pakistan, China partnership in all these projects”, Prime Minister remarked.

Prime Minister said that “we are willing to work along with you so our partnership gets stronger and stronger.

The Prime Minister said that his government is willing Chinese partnership in the construction of Basha dam in country’s northern areas.

“We welcome our Chinese partnership in these projects”, he added.

The prime minister also invited Chinese supports in Mass Transit project for Karachi and said that the provincial metropolis needed these projects as early as possible.

To provide better transport facilities to the masses, the prime minister said that his government also wanted to implement Karachi-Peshawar fast train project.

The prime minister said that this is his dream that would certainly come true.

He said that the management of the Gwadar port had already been handed over to China, the development work in the area will certainly change the destiny of the local population.

Talking to Vice-President President of China Power Investment Corporation Wang Zhiying, Prime Minister said that with the support of your organization, we can address our energy problem.

“A lot can be changed with your cooperation and address our energy problem”, said Nawaz Sharif

He in this regard said that we want to develop Thar coal and generate energy to address our power shortage.

Prime Minister expressed that hope that with your cooperation we can achieve our objective quickly.

The Prime Minister also invited him for setting up solar energy plants in Pakistan.

The Prime Minister said that there are number of Pakistani business men who can implement various energy project in partnership with Chinese companies.

Wang said that his company is already working on two power plants of 600 MW each generating capacity in Thar.

The Prime Minister informed Mr. Wang to use all out efforts to complete these projects soon and said if there any bottleneck, he was facing he can directly contact at Prime Minister’s secretariat .

He assured Wang that he will get reply within 24 hours from the PM office.

Meanwhile, Minister Ahsan Iqbal informed Mr. Wang that Prime Minister has businesslike approach and want the task completed soon. He also proposed participation in transfer of oil fired power generating units into coal based projects and also shifting of some coal plants from China to Pakistan to address energy crisis as early as possible.

Speaking with the Chairman Orient Group of Investment Zhang Hongwei said that there is big potential Pakistan has in oil and gas exploration.

“We are happy to support and help Chinese partnership” in various projects of economy, he said

The Chairman Zahng expressed willingness to help Pakistan in construction of pipe line from Pakistan to China immediately and also ready to send a team for partnership in laying down pipeline from Iran to Pakistan.

He said that his company has under taken wind energy project for generating 1000 MW in first phase in Pakistan’s Jhampir.

The Chief Minister of Balochistan Dr. Abdul Malik Baloch said that on the directive of Prime Minister, he assured Chinese investors full security in his province.

The Chief Ministers of Punjab and Balochistan Mian Mohammad Shahbaz Sharif, Minister for Planning and Development Ahsan Iqbal, Advisor to Prime Minister of Foreign Affairs Tariq Fatemi, Ambassador Masood Khalid and Chinese Ambassador in Pakistan Sun Wei Dong and prominent Pakistani businessmen were also present during these meetings.