PID

PR No. 13 Mr. Cao Peixi, Chairman, Huaneng Group calls on the Prime Minister Islamabad

Mr. Cao Peixi, Chairman, Huaneng Group along with a delegation of Company’s officials called on Prime Minister Muhammad Nawaz Sharif at PM House today. Chinese Ambassador to Pakistan H.E Mr. Sun Weidong was also present during the meeting.

Welcoming the visiting delegation to Pakistan, the Prime Minister informed them that Pakistan’s up-gradation to Emerging Market by MSCI reflects the growing recognition of Pakistan’s economic progress and potential. The PM said that Pakistan’s Stock Exchange is declared the best performing Stock Market in Asia, which is attracting significant foreign investments.

The Prime Minister emphasized that the economic outlook for Pakistan has improved significantly over the last four years, which is globally acknowledged. The PM said that economic growth is well above 5 percent while the country’s foreign reserves at US$ 24 billion are at the highest in the country’s history.

The Prime Minister appreciated Mr. Cao Peixi, Chairman, Huaneng Group for his exemplary leadership and efforts to help Pakistan overcome electricity shortages by completing the Sahiwal Coal Power Project in a record period of 22 months, ahead of the agreed commissioning schedule. The PM felicitated Mr. Cao Peixi, Chairman, Huaneng Group on being chosen for the conferment of Hilal-i-Pakistan award by the President Islamic Republic of Pakistan for his services and role in regard to completion of the project. The award will be formally bestowed in the investiture ceremony to be held at Aiwa-i-Sadr.

The PM expressed the hope that the fast track development of Sahiwal Coal Power Project will encourage Chinese investors to seek further avenues of investment in Pakistan. The PM invited Huaneng Group, China for further investments in the power sector of Pakistan including transmission lines and local coal-based power projects.

Mr. Cao Peixi thanked the Prime Minister for choosing his name for the prestigious Hilal-i-Pakistan award in recognition of his services.

The meeting was also attended by Mr. Muhammad Shahbaz Sharif, Chief Minister Punjab and senior officials of the federal government and provincial government of the Punjab.

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