AZADPAKISTAN2009
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Pakistan eyes $10b Chinese investment
Ref:http://pakobserver.net/detailnews.asp?id=43376
Islamabad—Government is expecting $10 billion Chinese investment to ease its ongoing energy crunch. According to plans unveiled by a dozen Chinese power-related companies, the proposed investment in energy generation, ranging from hydro to nuclear and wind power, can surpass this amount. In addition, other Chinese companies have indicated investing in projects varying from highways to housing. Boosting Pakistan-China trade is yet another area, agreed between the Chinese leadership and President Asif Ali Zardari during his recent visit to China.
Two highways are to be built in Pakistan’s Gilgit-Baltistan area, including 165 kilometre long Skardu-Jaglot, and 135-kilometre long Thakot-Sazin. Out of the total cost of Rs45 billion, or $530 million of two highways, China will provide 85 and Pakistan 15 per cent.
The Presidents and CEOs of a dozen leading corporations specialising in defence production, petroleum, banking, industrial units, construction, civilian nuclear cooperation, agriculture, health, energy, mining, petroleum, and telecommunications discussed their investment plans with Mr Zardari.
The business leaders showed interest in investing in these other sectors. Pakistan plans to launch a mega housing project to build high-rise apartments in all cities for government employees. These will be joint project between consortia of Chinese and Pakistani private companies. The government will provide land and some essential inputs. The Corporations which participated in the discussions included: EXIM Bank of China, The Three Gorges Dam Project Corporation, China Northern Railways Corporation, China Northern Industries Corporation, China Petrochemical Corporation, Sinotruk, Tebian Electric & Apparatus Stock Co., Sinohydro Corporation, and Industrial & Commercial Bank of China.
A Chinese company plans to generate 500 megawatts of wind power. It will set wind turbines along the coastal areas of the southern Sindh province, alongside the Arabian Sea. It will cost $1 billion. Chinese Prime Minister Wen Jiabao said China attaches a great importance to its trade with Pakistan which not only benefits the people of the two countries but also had a strategic significance.
The Chinese Minister for Trade estimates, the present two-way volume of trade with Pakistan can be doubled to $15 billion by 2015, under FTA and other plans. President Hu Jintao said China has become Pakistan’s second largest trading partner.
Ref:http://pakobserver.net/detailnews.asp?id=43376
Islamabad—Government is expecting $10 billion Chinese investment to ease its ongoing energy crunch. According to plans unveiled by a dozen Chinese power-related companies, the proposed investment in energy generation, ranging from hydro to nuclear and wind power, can surpass this amount. In addition, other Chinese companies have indicated investing in projects varying from highways to housing. Boosting Pakistan-China trade is yet another area, agreed between the Chinese leadership and President Asif Ali Zardari during his recent visit to China.
Two highways are to be built in Pakistan’s Gilgit-Baltistan area, including 165 kilometre long Skardu-Jaglot, and 135-kilometre long Thakot-Sazin. Out of the total cost of Rs45 billion, or $530 million of two highways, China will provide 85 and Pakistan 15 per cent.
The Presidents and CEOs of a dozen leading corporations specialising in defence production, petroleum, banking, industrial units, construction, civilian nuclear cooperation, agriculture, health, energy, mining, petroleum, and telecommunications discussed their investment plans with Mr Zardari.
The business leaders showed interest in investing in these other sectors. Pakistan plans to launch a mega housing project to build high-rise apartments in all cities for government employees. These will be joint project between consortia of Chinese and Pakistani private companies. The government will provide land and some essential inputs. The Corporations which participated in the discussions included: EXIM Bank of China, The Three Gorges Dam Project Corporation, China Northern Railways Corporation, China Northern Industries Corporation, China Petrochemical Corporation, Sinotruk, Tebian Electric & Apparatus Stock Co., Sinohydro Corporation, and Industrial & Commercial Bank of China.
A Chinese company plans to generate 500 megawatts of wind power. It will set wind turbines along the coastal areas of the southern Sindh province, alongside the Arabian Sea. It will cost $1 billion. Chinese Prime Minister Wen Jiabao said China attaches a great importance to its trade with Pakistan which not only benefits the people of the two countries but also had a strategic significance.
The Chinese Minister for Trade estimates, the present two-way volume of trade with Pakistan can be doubled to $15 billion by 2015, under FTA and other plans. President Hu Jintao said China has become Pakistan’s second largest trading partner.
