LAHORE - Punjab Chief Minister Muhammad Shahbaz Sharif has said that investment process is continuing speedily in Pakistan with the cooperation of China and the historic investment package of $32 billion by China will usher in a new era of development in Pakistan while economic and trade relations between the two countries would further strengthen. He said that government is determined to resolve energy crisis being faced by the country as soon as possible and maximum facilities and protection is being extended to investors in power sector.

He was talking to a delegation of China Grezhouba Group Company which met him in Islamabad on Tuesday. Secretary Minerals Sibtain Fazal Haleem was also present on the occasion.

Talking to the representatives of the Chinese company, the Chief Minister said that China and Pakistan are bound together in strong ties of friendship and China has extended commendable cooperation to Pakistan in different sectors. He said that China has stood by the government and people of Pakistan in every hour of need and the relationship between two countries is based on mutual respect. He said that China has offered Pakistan to set up 20,000 megawatt coal based power projects in the country which will rid the nation of darkness and load-shedding. He said that there is a favourable atmosphere for investment in Pakistan and all-out facilities are being given to the investors under one roof. He said that Chinese companies can benefit from this opportunity and make investment in energy and other sectors. The Chief Minister said that on the instructions of Prime Minister Muhammad Nawaz Sharif, such policies have been formulated which would create maximum opportunities for investment in energy and other sectors. He said that negotiations are continuing with several Chinese companies for development of water and energy resources while work has been started on a number of projects which will help meet the energy requirements of the country.

The leader of Chinese delegation Hie Kai exchanged views with the Chief Minister Punjab on various water and energy related projects and discussed various options for benefiting from natural resources. He expressed willingness to cooperate with Punjab government in mining and energy sectors.