LAHORE - Punjab government and World Bank have agreed in the principle on cooperation for skilling five hundred thousand youth every year.

The agreement was reached during a visit of World Bank delegation led by Vice President for South Asian Region Annette Dixon to Punjab Chief Minister Shahbaz Sharif. During the meeting, matters of mutual interest, promotion of cooperation in education, health, energy, skill development, disaster management and other sectors came under discussion.

Talking to the World Bank vice president, the chief minister said the positive collaboration between Pakistan and World Bank particularly Punjab was continuing in various sectors and yielding best results. “World Bank is already extending full cooperation in education, health, skill development and energy projects of Punjab, but we are willing to further promote our cooperation,” he added.

Referring to the Chinese cooperation, Shahbaz Sharif said the 7000 megawatt energy projects with China are in final shape and will be signed during the visit of Chinese president to Pakistan. “These projects will start production at the end of 2017 that will help considerably in overcoming energy crisis,” he added.

It has been decided to set up projects of generating 3600 megawatt electricity through gas in Punjab.

Punjab government will set up projects of 1200 megawatt while Federal government will establish 2400 megawatt from gas, he further said.

Commending the cooperation of World Bank in constructing water reservoirs in North Punjab, Shahbaz called for more cooperation to construct small dams.

Inviting the World Bank officials to assist Punjab government for reforming tax collection system, the CM pledged to pay special attention to eliminate corruption in department concerned.

Annette Dixon promised to extend full cooperation to Punjab government in education, health, energy, skill development, disaster management and other sectors.