ISLAMABAD - Prime Minister Muhammad Nawaz Sharif has said that Pakistan will provide necessary facilities and safeguards to foreign investors and urged international companies to invest in Pakistan for best returns.

He was talking to a Chinese delegation led by President of State Grid Corporation of China (SGCC), Jia Zhiqiang, here at Prime Minister’s House on Monday. The meeting was also attended by Minister for Water & Power Khawaja Muhammad Asif, Chairman Privatisation Commission Muhammad Zubair, Chairman Board of Investment Mifta Ismail and other senior officers.

Welcoming the delegation, the PM said, “Chinese investments will provide a boost to the economy of Pakistan and China is willing to invest US $35 billion in various infrastructure projects within three to five years period.” He further said that investments in Pakistan would yield high dividends to foreign investors as the business-friendly environment of Pakistan offered great opportunities. Moreover, the government of Pakistan will provide sovereign guarantees to the investors in order to safeguard their investment, the PM added.

The president SGCC apprised the PM that SGCC was managing around 70 per cent of power transmission lines in China. He further elaborated that there were only 6 per cent line losses in the transmission system of China owing to better control mechanism, utilising innovative technology and best-management practices.

During the meeting, the SGCC expressed its interest in the energy sector projects, particularly power transmission lines.