Islamabad (Agencies): Prime Minister Muhammad Shehbaz Sharif has extended an invitation to China’s Shanghai Electric Group to expand its coal mining projects in Pakistan. The aim is to shift the country’s imported coal-fired power plants to local coal, thereby promoting self-sufficiency and reducing reliance on imports.
The Prime Minister made these remarks during a meeting with a delegation from Shanghai Electric Group, led by its Chairman, Wu Lei. He assured the delegation that the government would provide all necessary facilities to Chinese investors to augment their projects. Furthermore, he emphasized that the security of Chinese workers in Pakistan would not be compromised.
Reiterating Pakistan’s resolve to strengthen friendly ties and economic cooperation with China, Shehbaz Sharif highlighted the progress made on various projects. Shanghai Electric Group is currently working on the Thar Coal Mine Development and a 1320 Megawatt Coal Power Project in Pakistan. These projects are saving foreign exchange worth 400 million dollars annually.
Shanghai Electric Group is one of the largest Chinese companies operating in Pakistan under the China-Pakistan Economic Corridor project. This invitation to expand its operations further underscores the deepening economic ties between the two nations.