Punjab Govt signs agreements with Chinese companies

Lahore: A ceremony was held to sign agreements with regard to cooperation between Punjab government and various foreign companies in energy, metro-rail and infrastructure sectors. Punjab Chief Minister Muhammad Shahbaz Sharif, Kh. Ahmed Hasaan, Chairman Planning & Development, Secretary Energy, Secretary Health, Secretary Information, DG LDA and Managing Director Metro Bus Authority were also present on the occasion. Under the agreements, foreign companies will extend cooperation in energy, metro-rail and infrastructure sectors. Secretary Energy Usman Akhtar Bajwa, Chairman LDA Ahad Cheema on behalf of Punjab government while Mr. Huang Jian Jun, Chairman Sematic Capital Company Ltd., China Zong Fong Investment Company Ltd. and Mr. Brigham Edward, Chief Executive Officer AIC, LLC signed the agreements on behalf of their companies.

Before the signing ceremony, a meeting was held to review the pace of investment by foreign investors in various sectors particularly energy. Addressing on the occasion, Muhammad Shahbaz Sharif said that Pakistan is facing energy crisis and government is taking steps on emergent basis for coping with this serious problem. He said that overcoming energy crisis is top priority of the government and this issue also remained on the top during his recent visit of China. He said that agreements were made with a number of Chinese companies for cooperation in energy sector. He said that Punjab government has provided a conducive atmosphere for investment in the province and all projects are being completed in a transparent manner. The Chief Minister said that metro bus service and other projects are a clear proof of this fact. The representatives of foreign companies said that they would implement these agreements speedily and their engineering team is going to reach Lahore next week in this regard.