Pakistan

ISLAMABAD – Prime Minister Muhammad Nawaz Sharif said that international investors are now showing a keen interest in investing in Pakistan which is an outcome of our successful economic policies and investor-friendly environment.

The PM chaired a meeting on Wednesday to review the progress made in the recently held 6th meeting of the Joint Cooperation Committee (JCC) on China-Pakistan Economic Corridor (CPEC).

PM Nawaz was briefed about the agreement on 300 megawatt power project which has been signed and the project will be started soon. Moreover, Gwader water supply project, hospital, technical institutes and mass transit railway projects in the provincial headquarters were also discussed in JCC at China. It was further informed that China has agreed to consider and examine Indus Cascade projects in CPEC.

The PM congratulated the Ministry of Water and Power for securing the $1.5 billion Lahore – Matiari Transmission Line project agreement to be funded under CPEC and directed to actively pursue its implementation.

He also felicitated the Pakistani team for inclusion of mass transit projects in the four provinces and directed Railways minister to facilitate the provinces by giving technical assistance for making feasibilities on the projects.

Road connectivity projects will exploit the untapped potential of under-developed areas of Pakistan, stated the PM. Overall, the PM expressed satisfaction over the progress of CPEC projects.

About establishment of Industrial Parks, PM directed federal authorities to initiate process of providing electricity, gas and telecommunication to the proposed sites.

Nawaz Sharif appreciated that provinces are represented in CPEC projects, adding that all the units could get equal benefits.

The meeting was attended by Finance Minister Ishaq Dar, Minister for Water & Power Khawaja Muhammad Asif, Minister for Planning, Development & Reforms Ahsan Iqbal, Special Assistant to PM Tariq Fatemi, Secretary to PM Fawad Hassan Fawad and other senior officials.