Punjab government signs MoU with a consortium of German companies

Lahore: An agreement was signed between Punjab government and a consortium of German companies under which the consortium will ensure a high standard of work on the project of iron ore exploration at Chiniot-Rajwa and also conduct resident supervision. Secretary Mines and Minerals Dr. Arshad Mehmood and Managing Director of the German consortium, GEOS Dr. Jurgen Hartsch signed the agreement. Punjab Chief Minister Muhammad Shahbaz Sharif was the chief guest on the occasion.

The Chief Minister welcomed the agreement signed between the Mineral Company of Punjab government and the consortium of German companies and said that it will help ensure a high standard of work the iron ore exploration project. He said that Chiniot-Rajwa Iron Ore Project is of vital importance for Pakistan and the iron ore reserves in this area are no less valuable for Pakistan than oil and gold.

He said that Punjab is rich in mineral wealth which can be utilized for strengthening national economy. He said that German technology is established in mining as well as other sectors. He said that cooperation with the consortium of German companies in coal mining sector should also be considered.

German delegation said that a high standard of work on iron ore exploration project at Chiniot-Rajwa will be ensured. They said that they are deeply impressed with the style of work of Chief Minister Muhammad Shahbaz Sharif. Chairman Planning & Development, Secretary Information and other concerned officials were present on the occasion.