Shehbaz Sharif orders to implement agreements, MoUs with the Chinese government and companies

Islamabad: Prime Minister Shehbaz Sharif has ordered to implement agreements and Memorandums of Understanding (MoUs) made with the Chinese government and companies.

Chairing a review meeting regarding Pakistan-China cooperation here at PM’s House, he directed the concerned authorities to expedite the process of realising the agreements made with the Chinese government and the companies, saying that delay in implementation of the agreements would not be tolerated.

“China is a time tested friend of Pakistan who helped Pakistan in every hour of need,” the PM maintained.

He mentioned that the Chinese leadership was determined to further expand investment in Pakistan.

The PM pointed out that the transfer of the Chinese industry to Pakistan would help improving the country’s overall economy, increasing Pakistan’s exports and creating new employment opportunities.

During the meeting, the PM was briefed on progress of different projects that were launched with the Chinese cooperation.

He was told that Sukkur-Hyderabad Motorway would be completed through Public Private Partnership.

It was informed that the plan to send 1,000 students for modern agricultural vocational training at government expense had been completed.

The first batch of students was being sent to China at the beginning of this academic year while the next batch would be sent to the Chinese modern agricultural universities after learning Chinese in Pakistan.

Furthermore, the meeting was informed that the plan to transfer the power plants running on imported coal to local coal was also in the final stages.

As regards business and investment opportunities in Pakistan, a road show was being organized in Beijing with the cooperation of China, the meeting was told.

A comprehensive road map was presented to the meeting regarding the transfer of Chinese industries in Pakistan.

It was informed in the meeting that the Chinese textile, medical and surgical equipment, plastic and leather industries will be partnered with Chinese companies to move to Pakistan.

“78 Pakistani companies have initially expressed deep interest in cooperation for the transfer of Chinese industries to Pakistan,” the meeting was informed according to an official statement.

In this regard, the board of Investment (BoI) presented a comprehensive report on the progress and action plan.

The PM appreciated the steps and recommendations of BoI in this regard.

He directed the relevant departments and officers to provide all kind of facilities to Pakistani companies in collaborating with Chinese companies.

The meeting was attended by Deputy Prime Minister and Foreign Minister Mohammad Ishaq Dar, Federal Ministers Jam Kamal Khan, Abdul Aleem Khan, Ahad Khan Cheema, Muhammad Aurangzeb, Attaullah Tarar, Dr Musadik Malik, Sardar Awais Ahmed Khan Leghari, Minister of State Shaza Fatima Khawaja, Special Assistant Tariq Fatemi, Deputy Chairman Planning Commission Jehanzeb Khan and other high officials. Federal Ministers, Ahsan Iqbal, Khawaja Asif and Rana Tanvir Hussain attended the meeting via video link.