Abb Takk News

China to invest in energy and infrastructure sectors in Pakistan

BEIJING: Pakistan and China signed agreements and Memorandum of Understandings (MoUs) for development in various fields including energy and basic infrastructure sectors on Saturday.

They will help in projects like solar power production at Quaid-e Azam Solar Park, easy loan for laying optic fiber between the two countries, mining of 65,00,000 metric tons of coal in Thar Block-2, 870 MW Sukhi Kinari hydropower project, 1320 MW Sahiwal power project and MoU for 100 MW Jhimpir wind power project.

An agreement was also signed to establish an Industrial Park in Faisalabad.