Pakistan‚ China sign 8 agreements for economic cooperation

Pakistan and China on Friday signed eight agreements to enhance bilateral economic cooperation.

These include establishment of an economic corridor between Pakistan and China‚ laying of fiber optic line between Rawalpindi and Khunjerab at a cost of 440 million dollars‚ construction and establishment of 2000 MW coal power plant‚ and a solar power project in Punjab.

The two sides also signed two memoranda of understanding on exchange and corporation‚ and on eradication of polio.

Before signing of agreements Prime Minister Nawaz Sharif and his Chinese counterpart Li Keqiang held formal talks at Great Hall of the People in Beijing.

Earlier‚ the Prime Minister was given warm reception on his arrival at the Great Hall.

Speaking on the occasion‚ Nawaz Sharif said he wants to take the relations with China to new heights for the benefit of the two peoples.

He extended an invitation to Mr. Li to visit Pakistan which he accepted.

Speaking on the occasion‚ the Chinese Prime Minister said close and cordial Pak-China relations would have a positive impact on the region.

Chinese Premier Li Keqiang hosted a luncheon in the honor of Prime Minister Nawaz Sharif in Great Hall of People in Beijing.

A Memorandum of Understanding was also signed between Punjab Government and state-owned power producer China Energy Engineering Company in Beijing.

Punjab Minister for Energy Sher Ali Khan inked the agreement on behalf of the Punjab Government.

As per the agreement‚ the company will set up a power plant in the province to generate electricity from coal.

Short URL: https://www.newspakistan.pk/?p=40809

Posted by Tahir Khan on Jul 5 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.