This was decided in a meeting between Chief Minister Punjab Shahbaz Sharif and Chinese delegation led by President of Sinotec at a meeting, on Monday. Talking to the delegation, the CM said that it will add a new chapter to Pak-China friendship.
He said that transparency in the execution of development projects is the hallmark of Punjab government and the projects to be executed with the collaboration of the Chinese company in energy and livestock sectors will also be completed expeditiously and in a transparent manner.
He said that energy, livestock and dairy farming sectors are of vital importance in the provincial economy and the government is implementing a comprehensive strategy for the uplift of these sectors. He said that cooperation of Chinese company will bring about further improvement in these sectors and Punjab will benefit from Chinese technology and expertise. He said that there are vast opportunities of launching of hydle power projects in Punjab and sites have been identified at a number of places for this purpose.
The CM said that it is a matter of pleasure that Chinese company Sinotec has decided to work on hydle power project at two places and Punjab government will welcome joint ventures in this regard. He said that there is also a vast scope of investment in livestock and dairy farming sectors in the province and Punjab and China can also launch joint ventures in these sectors.
He said that Punjab government is promoting public-private partnership for the development of various sectors and the decision of Sinotec to cooperate in livestock and dairy farming sectors is a matter of satisfaction. He said that China is a time-tested friend of Pakistan and has played a commendable role in its progress. He said that Pak-China friendship is unswerving and China is such a sincere friend of Pakistan that it will be a matter of honour for Punjab government to launch joint ventures with China.
Sharif said that an agreement has been reached with the Chinese company for generation of power from Taunsa Barrage while another agreement has been signed with China’s international company NORINCO for mass transit project.