China’s cooperation will provide jobs to thousands of youth: PM

inp 07-79BEIJING: Prime Minister Nawaz Sharif has reached Beijing on a three day visit to attend annual meeting of Asia-Pacific Economic Cooperation leaders being held there Friday.
Federal Ministers Ahsan Iqbal, Khawaja Muhammad Asif, Shahid Khaqan Abbasi and Special Assistant on Foreign Affairs Tariq Fatemi are accompanying the Prime Minister.
Earlier in a statement, before his departure to China, Prime Minister said Pakistan-China Economic Corridor project will have far reaching impacts on the national economy.
Nawaz Sharif said projects to be executed with China’s cooperation will provide jobs to thousands of youth. He said local and foreign investors can take benefit of bilateral cooperation between Pakistan and China.
The Prime Minister said recent political crisis caused huge losses to the country. He said the Government will do whatever possible to recover these losses. He said his China visit is also aimed at ending load shedding in the country.
The Prime Minister will also hold meetings with the Chinese president and prime minister and discuss regional situation and bilateral relations. The visit will further strengthen the bilateral relations.
During the visit, the two countries will sign agreements worth 35 billion dollars investment in Pakistan.
They include 14 projects relating to 10,400 MW electricity generation, besides several contracts for infrastructure development and development of Gwadar Port in Balochistan.
These also include construction of Khuzdar-Gwadar road as part of China-Pakistan economic corridor. The two countries would also sign agreements for and establishment of special economic zones.
The Prime Minister will sign several agreements worth 35 billion dollars investment and memoirs including the agreements that were to be signed on Chinese president’s visit to Pakistan. Several agreements and memoirs are to be signed upon his visit. Promoting bilateral trade and investment along with agreements to tackle loadshedding, will also be signed. Agreements pertaining to the construction of motorway from Lahore to Karachi would also be discussed.  Meanwhile, Minister for Planning and Development Ahsan Iqbal said Pakistan and China will sign a framework agreement during the visit of Prime Minister Nawaz Sharif to Beijing.
In an interview with state-run media, he said China will sign a framework agreement for energy and infrastructure projects in Pakistan. DNA

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