LAHORE The Punjab government and Chinas state company Sinotec have decided to cooperate in livestock and energy sectors and agreements in this regard will soon be given a final shape. This was decided in a meeting between Punjab Chief Minister Muhammad Shahbaz Sharif and Chinese delegation led by President of Sinotec at a meeting here on Monday. The CM welcomed the Chinese cooperation in livestock and energy sectors and said it would add a new chapter to Pak-China friendship. He mentioned that transparency in the execution of development projects was the hallmark of Punjab government and the projects to be executed with the collaboration of the Chinese company in energy and livestock sectors would also be completed expeditiously and in a transparent manner. He added that these sectors were of vital importance in the provincial economy and the government was implementing a comprehensive strategy for the uplift of these sectors. He further said cooperation of the Chinese company would bring about further improvement in these sectors and Punjab would benefit from the Chinese technology and expertise. He also mentioned that there were vast opportunities of launching of hydle power projects in Punjab and sites had been identified at a number of places for this purpose. He said it was a matter of pleasure that Sinotec had decided to work on hydle power project at two places, and the Punjab government would welcome joint ventures in this regard. He also said there was also a vast scope of investment in livestock and dairy farming sectors, and Punjab and China could also launch joint ventures in these sectors. The Punjab government is promoting public-private partnership for the development of various sectors and the decision of Sinotec to cooperate in livestock and dairy farming sectors is a matter of satisfaction, he added. Shahbaz Sharif said China was a trusted friend of Pakistan and had played a commendable role in its progress, while Pak-China friendship was unswerving and China was such a sincere friend of Pakistan that it would be a matter of honour for the Punjab government to launch joint ventures with China. He mentioned that an agreement had been reached with the Chinese company for generation of power from Taunsa Barrage while another agreement has been signed with Chinas international company NORINCO for mass transit project. He also said an agreement had been signed with Sinotec during his visit to China regarding investment in agriculture, livestock and other sectors which was being given the final shape with the arrival of Sinotec delegation in Punjab. While asserting that joint ventures in livestock and energy sectors would be executed expeditiously and he would personally supervise these projects, he said he would always cherish the hospitality extended to him and his delegation during his visit to China. The Chinese progress is a worthy example for Pakistan and Punjab government is interested in benefiting from Chinese expertise in various sectors. Working with Chinese companies is resulting in strengthening of bilateral relations between China and Pakistan as well as promotion of bilateral cooperation, he said. He also issued instructions for appointing Chairman Punjab Investment Board Rizwan Ullah Khan as the focal person for giving a final shape to the agreements with Sinotec at the earliest. President of Sinotec Jin Guang Ming said the company had decided to cooperate in energy sectors due to transparent policies of the Punjab government and the favourable atmosphere for investment in the province and this cooperation was not on commercial basis but a symbol of Pak-China friendship. He added that the company would utilise the profit earned from these projects on further promoting bilateral cooperation with Punjab in various sectors. Pakistan is an agrarian country and has vast fertile lands and there is a wide scope of investment in energy, livestock, agriculture and other sectors. The company will fully benefit from investment opportunities in the province, and has held fruitful discussions with the authorities concerned regarding investment in hydle power projects and livestock sectors in the light of which joint ventures will be launched, he said, adding Lahore was a historical city and the delegation was pleased to see the greenery of the city. Minister Education Mian Mujtaba Shuja-ur-Rehman, Chairman Lahore Transport Company Kh. Ahmed Hasaan, Vice Chairman Punjab Investment Board, Chairman Planning and Development, Secretaries of Finance, Agriculture, Transport, Livestock and Energy departments and concerned officers were present on the occasion. The Chinese delegation also included Project Manager Chen Ji Xuan and Song Shuang Ping.