PM says govt working to overcome energy shortage

ISLAMABAD: Prime Minister Nawaz Sharif on Friday said that PML-N led government has formulated investment friendly policies h to attract foreign investment in the country.

A delegation of China Gezhouba Group Investment Holding Company, led by it’s Chief Financial Officer Mr. Lin Xiaodan, called on Prime Minister Muhammad Nawaz Sharif at the PM House.

Talking to them the Prime Minister said the government is taking steps to meet energy shortage in the country.

He said the government has made investor-friendly policies to encourage foreign investment to Pakistan, particularly in the power sector.

The delegation expressed interest in investing in the Neelam-Jhelum hydro project as well as in coal-fired, LNG based and solar power plants in Pakistan.

They informed the Prime Minister that Chinese government is encouraging Chinese businesses to benefit from the investor-friendly policies of the government of Pakistan.

The Prime Minister said the government has fixed timelines for all projects and any company undertaking energy projects in the country is expected to follow them strictly so that high demand of electricity in the country can be met within the stipulated timeframe.

He said Pakistan China relationship is unmatched and more and more economic cooperation will further strengthen the bonds of our friendship taking it to a higher level.

The delegation also briefed the Prime Minister about their meetings with various officials in Islamabad.

Mr Muhammad Ishaq Dar, Minister for Finance; Mr Shahid Khaqan Abbasi, Minister for Petroleum and Khawaja Muhammad Asif, Minister for Water & Power also attended the meeting. DNA

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