Chinese cooperation with Pakistan reflects its confidence: Shahbaz

LAHORE: Punjab Chief Minister Muhammad Shahbaz Sharif has said that existing warmth in cooperation of China with Pakistan reflects the confidence of China in Pakistani leadership.

Talking to the local media in Shanghai on Wednesday, the Chief Minister said that China was well-aware of the fact that such a leadership was in power in Pakistan as considered every penny of public money as a sacred trust.

He said that the projects started with the cooperation of China in Punjab would be executed at the same speed at which metro bus, Nandipur power project, solar park and other projects of national importance were being completed.

He said that speed, transparency and quality were the hallmark of development strategy of the government and no compromise would be made in this regard.

Replying to a question, the Chief Minister said that he had emphasized upon the heads of Chinese companies working in energy sector in Punjab that there should not be any shortage in the provision of funds so that these projects could be completed within the timeframe.

Similarly, he said, he had asked these companies to give necessary authority to their offices in Pakistan so that delay in decisions should not affect the pace of the project.

Muhammad Shahbaz Sharif said that these companies had agreed with this stance and he was confident that the ongoing development projects with the cooperation of China would be completed before the timeframe.

Citing the example of Nandipur power project, the Chief Minister said that the project which kept pending for three years due to indifference of former government would be completed six months before the stipulated period under the new schedule which would save Pakistan’s billions of rupees.

The Chief Minister said that the authorities of Exim Bank had agreed to give required concession in the rate of profit and terms of payment for which he was grateful to the Chinese government.

He said that apart from Pak-China friendship, this gesture also showed the confidence of Chinese authorities in Punjab government with regard to its track record in energy and other sectors during the last one year.