ISLAMABAD: Prime Minister Shahbaz Sharif sent authorities on Monday concerned immediately transfer 50 billion rupees to Chinese independent power producers (IPP) as first installment plan out of outstanding contributions of 340 billion rupees.
The prime minister held a meeting here and approved an immediate payment. FROM failure in opening up revolving account as provided by CPEC and delays in payments over four years, i.e. amount folded up up to 340 billion rubles.
Planning secretary informed the Prime Minister progress achieved so far on special economic zones (SEZ), multi-billion dollar ML-1 project Karachi ring railway, power industry projects especially for solar energy.
He said that government was moving to provide all kinds of opportunities for pace up work on KPEC. He said that government estimated deadline for completion of all CPEC projects and these deadlines will be met avoid delays in completion of projects.
Later, Prime Minister Shahbaz Sharif held a meeting chaired by of chief executive officers (general directors) of Chinese companies are working on CPEC projects in Pakistan. Planning Minister Ahsan Iqbal and the Chinese Embassy senior officials attended the meeting.
officials of attracted Chinese companies with Particular attention was paid to the road, port and energy projects of CPEC. in meeting. Company representatives flooded with complaints on Prime Minister Shahbaz Sharif in meeting, speaking work almost stopped on KPEC projects during past four years.
The Prime Minister released various orders on place for resolving issues, out company leaders. The companies expressed their satisfaction with the measures taken coalition government. They hoped work on KPEC projects will be implemented out and completed on “Pakistani speed” now. They hoped that new government formed after elections next year would give priority of KPEC projects.
Head addressing of in leading Chinese companies and investors, said the prime minister in view of huge progress in in last for three decades Pakistan has been interested in learn from Beijing experience in reforms, especially in trade and agriculture. He said that Pakistan is looking towards China to seek support in each walk of life in sentence ensure stable development. He said that the Chinese development was model imitate in fields of industry, trade, information technology and agriculture.
He said with the background of reliable friendship between the two countries, it was an opportunity for Pakistan learns from the Chinese experience about reforms in areas of public interest. He emphasized need for promoting bilateral trade through of level up of export and import in varied areas.
He said Pakistan also interested in education skills from China for enrichment of its energy resources. He thanked Chinese President Xi Jinping. for expanding it support to Pakistan in in shape of the multi-billion dollar China-Pakistan Economic Corridor (CPEC) project, which he says is helping Pakistan move forward.
He considered President Xi a visionary leader and recalled signing several projects with him. with then prime minister Nawaz Sharif get better power generation in Pakistan aims to solve the energy crisis. He expressed confidence that friendship between Pakistan and China will be further strengthened with time for benefit of their nation. Separately, taking into account of increase in flour prices in country, Prime Minister Shehbaz Sharif on Monday sent the authorities concerned to ensure its sale on rate, fixed through government.
“No one should be allowed to rob the masses and therefore the availability of flour in government rate should be provided,” he said. He led ministries of Food safety, industrial production and other departments for reporting on implementation of orders.
In addition, Prime Minister Shehbaz stated that there would be no cuts. in in budget of higher education sector for fiscal year 2022–2023 and Higher Education Commission (HEC) should to be made functional how it worked in previous PMLN government.
Issuing instructions to ministries of Planning and finance in relation to HEC, the Prime Minister expressed regret that budget cuts in in last four years had a negative impact on higher education, saying that the process should be converted.
He directed the authorities concerned concentrate on revival of educational projects in universities throughout the country and increase the number of education sector engagement programs on denomination with international standards.
Shehbaz said that HEC resources should increase significantly and possible teachers and students should be provided. According to a statement from the Ministry of Foreign Affairs, published on On Monday, Prime Minister Shehbaz Sharif will pay official visit to Turkey first after taking office from May 31st to June 2nd.
The Prime Minister will be accompanied by a high-level delegation of ministers special assistants and senior officials. BUT business a delegation from Pakistan consisting of representatives of leading companies through various sectors will go to Turkey separately to participate in in business engagements.
During the visit, the Prime Minister will hold talks with President Erdo an. This will be followed by negotiations at the level of delegations. In addition to covering the entire gamut of Bilateral relations between Pakistan and Turkey, the leaders of the two countries will exchange views on regional and international questions. Both leaders will address a joint press conference after their meetings. President Erdogan will give dinner in honour of in prime minister.
Pakistan and Turkey celebrate 75th anniversary this year of institution of diplomatic relations. During the visit, the Prime Minister of Pakistan and the President of Turkey will jointly unveil a logo marking the beginning of of celebrations of it is important milestone in for a long time history of exceptional two-way communications.
Turkish ministers of Foreign Affairs, Trade and Health call on Prime Minister during the visit. The Prime Minister will have extensive interaction with leading Turkish businessmen and potential investors from various sectors. He will hosted president of Union of Chambers and commodity exchanges of Turkey (TOBB).
The Prime Minister will also take part in the Pakistan-Turkey Business Council Forum, hosted in cooperation with DEIK (Turkish Council for Foreign Economic Relations). During these events, the Prime Minister will highlight the huge investment potential of Pakistan and encourage Turkish companies to invest in Pakistan and work to strengthen the Pakistani-Turkish trade and economic ties. Famous businessmen from Pakistan will take part in the event. in these events and will also hold B2B meetings on sides.
A large number of of Turkish companies have invested more than 1 billion US dollars in various industries (construction, power solid waste management, hygiene products, electronics and dairy products, etc.,) in Pakistan. Notable investors include Al Bayrak, Oz Pak, Zorlu, Arcelik, Siyahkalem, Sutas, Coca-Cola Icecek and Hayat Kimiya. heads of selected Turkish companies will also call on prime minister during his tenure in Ankara.
Prime Minister Shahbaz Sharif also said that democracy was strengthened with local government (LG) elections in Balochistan. On twitter he said peoplex active participation in polls shows their trust in government agencies to ensure security and ensure smooth behavior of polls. The Prime Minister praised role of Law enforcement in maintaining peace during elections.
