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Shahbaz ‘again’ blames PTI sit-in for halt in Chinese investment

byCustoms Today Report
28/08/2015
in Business
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LAHORE: Chief Minister Shahbaz Sharif has reiterated that the Pakistan Tehreek-e-Insaf’s (PTI) sit-in in federal capital created hurdles in Chinese investment into the country.

Sharif said this while addressing a reception held in Beijing. Federal Minister for Planning, Development and Reforms Ahsan Iqbal as well as other members of the chief minister’s delegation were also present on the occasion.

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The chief minister said that Chinese President Xi Jinping surprised the whole world by his historic speech in Islamabad and international press and media gave a wide coverage to his announcement of $46 billion dollars investment in Pakistan. He added that the opponents of the government staged the drama of sit-ins and said that now they will see how China helps Pakistan.

The CM said that it is lamentable that the opponents of the government are still not satisfied and do not want implementation of these agreements. He said that the elements involved in politics of sit-ins do not want to see the efforts to eliminate load-shedding from the country, with the cooperation of China, succeed. He said that speedy implementation of energy projects within a short period of sixteen months under the leadership of Prime Minister Nawaz Sharif is unprecedented in the history of the country.

He said that seriousness of Chinese leadership can be judged from the fact that Chinese investment companies have started implementing the projects with their own capital without waiting for the loans of the Chinese banks.

Shehbaz Sharif further said that work will be carried out round the clock for early completion of energy projects being implemented with the cooperation of China. He said that major energy projects with Chinese cooperation will be producing 5,000MW electricity by 2017 which will eliminate darkness from the country. Senior officials of Chinese financial and technical institutions besides Pakistanis living in Beijing attended the reception.

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