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International investors showing keen interest for investing in Pakistan: PM Nawaz


1/4/2017
ISLAMABAD, Pakistan: Prime Minister Nawaz Sharif on Wednesday said that international investors were now showing keen interest for investing in Pakistan which was a manifestation of our successful economic policies and investor friendly environment.
 
“Road connectivity projects will open up under-developed areas of Pakistan to investment,” the prime minister said while presiding over a high level meeting and was briefed on the progress made in the recently held 6th meeting of the Joint Cooperation Committee (JCC) on China Pakistan Economic Corridor (CPEC) that was held in Beijing on December 29, 2016.
 
During the meeting, the prime minister was briefed that agreement on 300 MW power project had been signed and the project would be started soon.
 
Moreover, Gwader water supply project, hospital, technical institutes and mass transit railway project in the provincial headquarters were also discussed in JCC at China. It was further briefed that China had agreed to consider and examine Indus Cascade projects in CPEC.
 
The prime minister expressed satisfaction over the progress of CPEC projects, and congratulated the Water & Power Ministry for securing the US $ 1.5 Billion Lahore – Matiari Transmission Line project agreement to be funded under CPEC and directed to actively pursue its implementation.
 
Nawaz Sharif 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 his ministries technical advice for project feasibilities.
 
Talking about establishment of Industrial Parks, the prime minister directed federal authorities to initiate process of providing electricity, gas and telecommunication to the proposed sites.
 
The prime minister appreciated that provinces were represented in CPEC projects and it was important so that the benefits of these projects were equitably distributed among the federating units.
 
The meeting was attended by Minister Finance 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.
 
Source: Dispatch News Desk