Chinese company shows interest in Karachi’s Metro Bus

Prime Minister Mohammad Nawaz Sharif said on Thursday that a Chinese Company has shown interest to launch Metro Mass Transit Project in Karachi which will provide cheap and speedy transport facility to the people.

Talking to media in Beijing he expressed satisfaction on the interest taken by Chinese investors in Pakistan’s development.

Nawaz Sharif along with his entourage also inspected the Chinese oldest underground Metro system in Beijing this morning.

He was informed at a briefing this this system has 227 stations and is the second largest in the world.

He said it is also matter of satisfaction that China is taking keen interest in achieving the goals of economic development set by Pakistan.  He said that his meetings with the heads of Chinese Bankers and Financial Institutions were fruitful and result oriented.

Nawaz Sharif said he has held positive and constructive dialogue with Chinese investors and bankers hoping that these will lead to expedite economic activities in Pakistan.

The Prime Minister hoped that the proposed rail and road corridor between China and Pakistan will open new avenues of economic development and prosperity in the region.

He expressed the confidence that this project will change the destiny of the people of the region.

Meanwhile the Prime Minister has urged Chinese investors to invest in energy and infrastructure sectors of Pakistan.

He was talking to President China Investment Corporation in Beijing who called on him today and expressed his desire to invest in transforming power plants run on furnace oil into coal based plants.

He said Pakistan wants to benefit from China’s development experiences particularly in energy sector.

Nawaz Sharif said Sino-Pak economic corridor would be the biggest development project between the two countries.

Talking to President Exim Bank of China Li Ruogu‚ who called on him in the Chinese capital‚ Nawaz Sharif said Pakistan values China’s assistance and cooperation in various fields.

He urged the Exim Bank President to provide capital to the Chinese firms interested in executing various development projects in Pakistan.

The Prime Minister assured that his government will provide foolproof security to the Chinese firms engaged in carrying out various projects in the country.

Exim Bank president said the bank has so far invested six billion dollars in Pakistan and will provide more funds for development projects particularly in the energy sector.

Chief Minister Punjab Muhammad Shahbaz Sharif‚ Minister for Planning and Development Ahsan Iqbal‚ and Adviser Tariq Fatmi were also present at the meeting.

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Posted by Tahir Khan on Jul 4 2013. Filed under Latest News, National, Pakistan. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.