Huawei to make massive investment in Pakistan

Lahore : Prime Minister Imran Khan and Chinese Vice President Wang Qishan Sunday launched four mega development projects in the fields of energy, technology and education under China Pakistan Economic Corridor (CPEC).

Both the dignitaries unveiled the plaques of the four
projects at a ceremony held here during the visit of the Chinese vice
president who is here on three-day visit.

The ceremony was also attended by Minister for Foreign
Affairs Shah Mehmood Qureshi, Planning Minister Khusro Bakhtiar,
Finance Advisor Abdul Hafeez Sheikh and members of the Chinese
delegation.

Under the first project, a transmission line of 660kv
would be laid between Matiari and Lahore to transmit power from coal
based plants located at Thar, Port Qasim and Hub. The project would
have the capacity to supply 2000 MW with 10 percent overloaded
capability for two hours.

The two leaders unveiled the plaque for Rashakai Special Economic Zone (RSEZ) project to promote industrialization through optimally priced, world-class industrial infrastructure in Khyber Pakhtunkhwa province.

The RSEZ is situated centrally in the CPEC at the junction of Karakoram Corridor and ML-1 development corridor. It is set to become, and will be designed, to be the Key Trade and Logistics Hub connecting Kashgar, Kabul and Gwadar on the Belt and Road, and be a high-end host of international commercial, technological and manufacturing hub.

The two leaders inaugurated the Confucius Institute at the University of Punjab. The institute mainly provides Chinese education, cultural promotion and cultural exchanges and other projects and activities.

The ceremony also marked the launching of Huawei Technical Support Center to be established in Pakistan as part of Chinese tech giant’s commitment to make massive investment in Pakistan.