CM Shahbaz seeks Chinese investment in Punjab
12 June, 2012
LAHORE: China Investment Corporation President Dr Fan Kung Sheng met Punjab Chief Minister Muhammad Shahbaz Sharif here Monday and discussed matters relating to investment in energy, mining and infrastructure sectors in Punjab.
LAHORE: China Investment Corporation President Dr Fan Kung Sheng met Punjab Chief Minister Muhammad Shahbaz Sharif here Monday and discussed matters relating to investment in energy, mining and infrastructure sectors in Punjab.Head of Asia Pacific Global Market (CIC) Clients Sufyan Zubairi, Managing Director Bank of America Merrill Lynch Ms Wei Wang, Provincial Energy Minister Ch Abdul Ghafoor, Chairman LTC Kh Ahmed Hasaan, Hafiz Mian Nauman, MPA, Vice Chairman Punjab Investment Board, Chairman Planning & Development, secretaries of Energy and Mining Departments were also present. Spotlighting the vast opportunities of investment in energy, mining and infrastructure sectors, the CM said that a favorable atmosphere for investment has been created in the province and all facilities are being offered to the entrepreneurs under one roof.
He said that Chinese investors can invest in energy, mining and infrastructure sectors. He said that Punjab government is promoting investment under public-private partnership. He said that Pakistan is facing serious energy crisis which is badly affecting all sectors. He said that provincial government is working on various projects of power generation through hydro, bagasse, coal, solar, biogas and other sources. He said that Punjab also has large reserves of iron ore which is of the highest standard. He said that provincial government has constructed northern loop of Ring Road in the provincial metropolis which is of the highest standard and now it intends to start work on southern loop.
Similarly, he said, planning has been made for the construction of Rawalpindi Ring Road and Lahore-Sialkot Motorway. He said that Chinese investors can consider investment in these projects. President China Investment Corporation Dr Fan Kung Sheng informed about investment by his company in various countries and said that Punjab is the hub of economic activities and his company is interested in investment in the province.