UK businessmen want to invest in CPEC projects: London mayor

LAHORE – British investors have shown interest in investing in the projects initiated under the China Pakistan Economic Corridor, said London Mayor Sadiq Khan at a meeting with Punjab Chief Misister Shehbaz Sharif.

A delegation of British investors, led by London Mayor Sadiq Khan, called on Punjab Chief Minister Shehbaz Sharif here yesterday.

Sadiq Khan, while talking to the chief minister, highlighted the cordial relations between London and Lahore and said British investors had shown interest in investing in the projects initiated under the China Pakistan Economic Corridor.

He thanked the chief minister for according their delegation a warm welcome and resolved to work together to enhance investments in various areas of development in the Punjab.

British investors, on the occasion, appreciated Chief Minister Shehbaz Sharif for the steps taken for the prosperity of the people of the province and for create congenial environment for the investment.

The chief minister told the delegation that Pakistan highly valued the friendly ties with UK spanning over many decades. He said a large number of Pakistanis settled in London were playing an important role in enhancing bilateral relations between the two countries. The CM asserted furthering bilateral ties between the two countries was the need of the hour, so they must rise to the occasion to promote cooperation in different sectors. He said Pakistan was a peaceful country which had rendered great services towards countering the menace of terrorism and had achieved excellent successes in the war against terrorism. He said thousands of Pakistanis had sacrificed their lives in this war. Pakistan’s armed forces, police personnel and other law-enforcement agencies had written a new history of bravery in defeating terrorists, he added. Shehbaz Sharif termed war on terror struggle for the survival of Pakistan, adding this war has to be won at all cost by routing terrorism completely. “The time is not far away when the Pakistani nation will win this war. Besides using bullet, this war will be won through various socio-economic reforms,” he said and added complete annihilation of terrorism was a strong commitment of the whole nation.

The chief minister informed the delegation of the reforms introduced in education, healthcare and skills development sectors in collaboration with Department for International Development of the UK. “We appreciate the British cooperation and the Punjab is willing to further promote this cooperation with London for the benefit of the people from both the sides. He said, “We shall have to move further jointly and it is the best time for it.” He said Pakistani economy was debilitated due to the energy crisis in the past and pointed out that efforts made to overcome the energy crisis had borne fruit. “The PML-N government has overcome the energy crisis and China has fully supported Pakistan in this regard. The federal as well as the Punjab governments have set up electricity generation projects of 3,600MW electricity with their own resources. During the last four years, more than 7,000MW electricity has been produced which has helped control loadshedding. We are proud of our achievements as national resources worth billions of rupees have been saved by ensuring quality and transparency in different energy projects,” he added.

The chief minister said the CPEC had opened new avenues of foreign investment in Pakistan, so the British investors should fully benefit from the golden opportunity by investing in the CPEC projects. He said British investors would be welcomed as it had given an opportunity to them to come forward. He said a culture of transparency had been promoted by the Punjab government and stressed the need for further promoting mutual cooperation with London in public transport, sanitation and traffic sectors.

The chief minister hosted a luncheon in honour of the mayor of London and his delegation. British High Commissioner Thomas Drew, and London Deputy Mayor for Business Rajesh Agrawal along with a large number of British investors and officials were present on the occasion. Provincial Ministers Rana Sanaullah, Mansha Ullah Butt, Nadeem Kamran, Begum Zakia Shahnawaz, Rana Mashhood Ahmed Khan, Ayesha Ghaus Pasha, Adviser Dr Umer Saif, Turkish Consul General Serder Deniz, US Consul General Elizabeth Kennedy, the chief secretary, the Lahore Lord Mayor and Pakistani investors were also present on the occasion.

Earlier, Mayor of London Sadiq Khan held a meeting with Chief Minister Shehbaz Sharif here today and talked about different matters of mutual interest, including promotion of bilateral relations and expansion of cooperation in different sectors.

Chief Minister Shehbaz Sharif welcomed the mayor of London to Lahore and said this visit would further promote the friendly relations between Pakistan and the UK.



UK investors want to invest in CPEC projects: London mayor



This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More