News Update Pakistan
ISLAMABAD: Chinese Deputy Ambassador, Zhao Lijian said on Wednesday in news update Pakistan that world largest construction
company was implementing Sukkur-Multan stiecon of Karachi-Lahore motorway project creating more than 10,000
jobs for local people of Punjab and Sindh provinces.
As many as 20 camps had been set up for the staff participating in the construction work of US$ 2.9 billion
mega project, he also said while speaking at a national conference on CPEC: Macro and Micro Economic Dividends
for Pakistan and the Region, held here.
Furthermore, terming CPEC as flagship projects of One Belt One Road initiative by Chinese President, Xi Jinping, he also said,
his country had so far invested $ 14 billion in 30 early harvest projects being completed under CPEC out of
which 16 were under construction.
He further expressed his satisfaction over the pace of work on different energy, transport, infrastructure and road
projects, he said, Chinese government encouraged qualified companies to invest in Pakistan and explore
business and trade opportunities.
Zhao Lijian said, in year 2013, China was at number 13 on Foreign Direct Investment (FDI) list of Pakistan,
adding, last year China had become number one inventer after the commissioning of CPEC initiative.
Giving details of energy projects being completed in year 2017, he said, 70 percent work on Sahiwal Coal Power
Project had been completed and its first unit would start producing electricity by end of June next year.
He said, Port Qasim Power Project and Dawood Wind Power project would soon be completed.
The Chinese Deputy Ambassador said, Karot Hydro Power project was being competed from Silk Road Fund
announced by the Chinese President.