Pakistan and China Join Forces for Sustainable Energy Initiatives
Finance Minister Muhammad Aurangzeb underscored the importance of Pakistan and China's collaboration in driving forward sustainable energy initiatives. During a meeting with a delegation from Port Qasim Electric Power Company, led by Power China Resources President Yang Tianyu, the focus was on strengthening Pakistan's energy sector through joint efforts.
The Finance Minister reaffirmed the government's commitment to enhancing the energy infrastructure and highlighted Port Qasim Electric Power Company's pivotal role in addressing the nation's energy needs. Discussions centered on key issues such as payment delays to energy producers and strategies to resolve these challenges.
P.c. China Pakistan Economic Corridor
The Chinese delegation was briefed on various government initiatives aimed at streamlining energy production, including the introduction of a railway line to facilitate efficient coal transportation. Minister Aurangzeb also outlined the structural reforms underway in the energy sector, emphasizing the privatization of power companies and state-owned enterprises.
The Finance Minister assured the delegation of the government's dedication to fulfilling its obligations, particularly in government-to-government projects, and maintaining the integrity of contractual agreements. He expressed confidence that through collaborative efforts, both nations could devise long-term solutions to the critical challenges facing Pakistan's power sector.
The meeting concluded with the establishment of a joint working group comprising members from PQEPC, the Power Division, and the Finance Division. This group will oversee the implementation of the agreed-upon initiatives, ensuring progress through continuous monitoring and cooperation.