ISLAMABAD - Prime Minister Muhammad Nawaz Sharif on Friday said government has fixed timelines for all projects and any company undertaking energy projects in the country is expected to follow them strictly so that high demand of electricity in the country can be met within the stipulated timeframe. “Pakistan China relationship is unmatched and more and more economic cooperation will further strengthen the bonds of our friendship, taking it to a higher level,” said Prime Minister in a meeting with a delegation of China Gezhouba Group Investment Holding Company, led by its Chief Financial Officer Lin Xiaodan at the PM House.

The prime minister said the government is taking steps to meet energy shortage in the country. “The government has made investor-friendly policies to encourage foreign investment to Pakistan, particularly in the power sector,” he added. The delegation expressed interest in investing in the Neelam-Jhelum hydro project as well as in coal-fired, LNG based and solar power plants in Pakistan.

They informed the prime minister that Chinese government is encouraging Chinese businesses to benefit from the investor-friendly policies of the government of Pakistan. The delegation also briefed the PM about their meetings with various officials in Islamabad.

Muhammad Ishaq Dar, Minister for Finance; Shahid Khaqan Abbasi, Minister for Petroleum and Khawaja Muhammad Asif, Minister for Water & Power also attended the meeting.