BEIJING: Chinese companies have accepted invitations to invest in drinking water supply and other projects in Karachi.
According to details, Chinese companies expressed keen interest in investment and joint projects in Pakistan, when Prime Minister Shehbaz Sharif offered them to work together on a 10,000 MW solar power project.
The Prime Minister insisted on speeding up the work on Gwadar Airport and completing it by the end of this year, so the Chinese company assured to complete the construction of Gwadar Airport by the beginning of next year.
Shahbaz Sharif said, I know Chinese companies have faced many problems in the past for which we apologize. After assuming power on April 11, 2022, the issues faced by the companies have been resolved. 160 crores owed to Chinese companies.
He said the State Bank has created a revolving account on the instructions of Finance Minister Ishaq Dar. Another 50 billion will be added to the payment. Diamir Bhasha will solve the problem of land acquisition in the project. There is deep sorrow and regret at the death of the Chinese brothers and sisters.