PESHAWAR: Chief Minister Khyber Pakhtunkhwa Pervez Khattak said two Memorandum of Understandings (MoUs) have been signed with Chinese public sector companies during his visit to China.
He said the projects include energy, housing, industry, information, housing, information technology, mineral, mines, agriculture, highways and urban development have a financial implication of $24 billion. He was talking to various representative delegations at Chief Minister House here on Tuesday. Provincial Minister Inayatullah, MPA Wajihuzzaman, Fazle Shakoor and Mehmood Jan were also present on the occasion.
Chief Minister said that in addition to these projects government had agreements with Frontier Works Organization for four projects costing $10 billion. These projects included Karak Oil Refinery, Haripur Cement Factory, 600 MW of electricity and two housing schemes. The provincial government would get a share up to 10 percent without giving a single penny in the projects, he added.
Pervez Khattak made it clear that we would not take loans that would over burden the resource base of the province adding KP was not a feasible province but China Pakistan Economic Corridor made it the most practical.He said that MoU has been signed during his visit to China for the provision of solar kit to 10,000s schools and 400 hospitals.
