PM Sharif seeks Chinese help to overcome energy crisis

BEIJING: Prime Minister Muhammad Nawaz Sharif has urged Chinese investors to invest in energy and infrastructure sectors of Pakistan.

He was talking to President China Investment Corporation in Beijing who called on him Thursday and expressed his desire to invest in transforming power plants run on furnace oil into coal based plants.

He said Pakistan wants to benefit from China’s development experiences particularly in energy sector.

Nawaz Sharif said Sino-Pak economic corridor would be the biggest development project between the two countries.

Meanwhile, Prime Minister Mohammad Nawaz Sharif has said that his meetings with the heads of Chinese Bankers and Financial Institutions were fruitful and result oriented.

Talking to media in Beijing Thursday he expressed satisfaction on the interest taken by Chinese investors in Pakistan’s development.

He said it is also matter of satisfaction that China is taking keen interest in achieving the goals of economic development set by Pakistan.

Nawaz Sharif said he has held positive and constructive dialogue with Chinese investors and bankers hoping that these will lead to accelerate economic activities in Pakistan. He said a Chinese Company has shown interest to launch Metro Mass Transit Project in Karachi which will provide cheap and speedy transport facility to the people.

The Prime Minister hoped that the proposed rail and road corridor between China and Pakistan will open new avenues for economic development and prosperity in the region.

He expressed the confidence that this project will change the destiny of the people of the region.