Daily The Business

Chinese firm to invest in coal, wind energy of Pakistan

KARACHI: A group of Chinese investors announced on Thursday to put their capital in Pakistan’s energy sector. 

According to details, Power China company has decided to invest in wind and coal energy of Pakistan.

The Chinese firm and Port Qasim Electric Power Company were holding a press conference in this regard in Karachi.

The representative of the Chinese company told media that their group was increasing the investment in the energy sector of Pakistan.

He also said that economy crisis of Pakistan is temporary and it will soon be over.

Few days earlier, Pakistan signed 11 agreements with China in the sectors of Information Technology, agriculture, railways and chemicals.

Advisor to Prime Minister on Commerce, Textile, and Industry Abdul Razak Dawood said an agreement was also made on film and TV between Pakistan and China.

“Many investors are ready to come to Pakistan,” Abdul Razak Dawood said while talking to media.

The PM’s advisor said around 400 investors had come to attend the Belt and Road Forum. “I was surprised to see so many investors in the forum.”

He said many of the investors were ready to come to Pakistan.

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