25/08/2022
Minister for Planning, Development and Special Initiatives Ahsan Iqbal on Thursday said the incumbent government fully supports the China Pakistan Economic Corridor (CPEC) and it is committed to expedite work on the projects under CPEC.
Pakistan, he said desperately needed investment in energy and infrastructure sectors. The minister said China invested $29 billion in these sectors during the five years’ tenure (2013-18) of PML-N government.
Minister of Planning, Ahsan Iqbal, claimed that Thar Coal Power Plant Project can produce the cheapest electricity for the next 400 years, he said while addressing an event of Pakistan Business Council (PBC) in Islamabad on Thursday.
He said China also helped Pakistan utilizing its strategic reserves such as Thar Coal which are now producing thousands of MW energy and contributing to the national grid.
Ahsan Iqbal pointed out that $900 billion worth of investment from the developed world is seeking enabling business friendly environment in the developing countries. However, the investment can never come to a country where there is political chaos, polarization, and policy reversal”, he added.
