ISLAMABAD, Pakistan: Prime Minister Nawaz Sharif has said that Pakistan provides a conducive business environment for foreign investments with its strategic location as Asia’s premier trade, energy and transport corridor with a huge consumer market.
“China-Pakistan Economic Corridor is not only a framework of regional connectivity, but a journey towards economic regionalization,” the prime minister while talking to the Chairman State Power Investment Corporation China Wang Bianghua at PM House in Islamabad on Wednesday.
The prime minister said that Pakistan is blessed with immense natural potential of power generation from diverse sources including hydel, solar and wind.
Nawaz Sharif said that considering power shortages as a prime economic challenge, his government has given top priority to power sector to meet the industrial, commercial, and domestic requirements of the country.
“Our government has successfully put the economy on the path of sustained economic growth which is acknowledged by credible financial institutions of the world,” he said.
The prime minister said that Pakistan’s economy has maintained higher growth despite a number of challenges.
“Our agenda of reviving economy, resolving the energy crisis and improving the security situation has yielded tremendous positives results,” the prime minister emphasized.
The prime minister felicitated the Chairman State Power Investment Corporation China on the ground breaking of 1,320 MW coal based power project in Balochistan as a Joint Venture between their company with local partners HUBCO and the givernment of Balochistan.
The meeting was also attended by Minister for Water and Power Khawaja Muhammad Asif, Minister for Planning, Development & Reforms Ahsan Iqbal and other senior officials of the federal government.
