Punjab, Shandong sign two agreements, 6 MoUs to enhance cooperation
Lahore—Two agreements for increasing cooperation between Punjab government and Shandong Province of China and six Memorandums of Understanding were signed here on Thursday for collaboration among private sector of both the provinces.
Punjab Chief Minister Shehbaz Sharif and Vice Governor of Shandong Xia Geng signed the agreements. Under framework agreement, Shandong province will cooperate in setting up of industrial park in Punjab. Under the agreements, cooperation will be enhanced in agriculture, livestock and dairy, energy, mining, infrastructure, health, education, information technology, manufacturing, economic and industrial zone development, trade of goods and services, tourism, banking and financial services. The private sector will be encouraged for increasing investment and expanding trade relations. Besides, trade seminars will be held and trade delegations will be exchanged.
Earlier, Chief Minister Shehbaz Sharif, addressing inaugural session of Punjab-Shandong Business Forum held under the aegis of Punjab Investment Board here, said that China has provided a strong foundation of progress and prosperity in Pakistan and now Pakistani investors and businesspersons should come forward to benefit from this great opportunity and also realize people to play their due role in this regard.
He said that Punjab government was setting up of a state-of-the-art Apparel Park near motorway, which will benefit garments and textile industry and added that Shandong can also extend cooperation in this regard. He said that cooperation between Punjab and Chinese Province Shandong is continuing however, bilateral economic contacts will further be promoted. He said that Punjab and Shandong can become great partners in this journey to progress and prosperity.
He said Orange Line Metro Train Project is a splendid gift of China for people of Pakistan and hundred percent investment in this project has been made by China. He said that latest and comfortable transport facilities will become available to common man through this great project of Orange Line Metro Train.
He expressed the hope that judiciary will give decision on merit. He said that elites will not be allowed to create hurdles in this splendid project of modern transport system. The Chief Minister appealed to media and public to support Orange Line Metro Train Project and supplement government efforts for its early completion in order to get rid of dilapidated rickshaws, qingqi rickshaws and wrecked wagons.
Shehbaz Sharif welcomed vice Governor of Shandong Province of China, members of his delegation and investors on arrival at Lahore.
He said that Chinese cooperation in the journey to development of Pakistan is an unprecedented example of everlasting friendship, sincerity and love of two countries and added that there is no example of such ties between the two countries in the comity of nations.
Addressing the seminar, Vice Governor of Shandong Xia Geng said that participation in the seminar is an honour for him and this seminar will be useful for promoting economic cooperation between the two provinces. He said that there is everlasting relation of friendship between Pakistan and China and economic cooperation of both the countries is expanding.