CPEC a flagship project of friendship b/t Pakistan, China
Federal Minister for Finance and Revenue Mr. Miftah Ismail presided over a meeting on the issue of payments to Chinese IPPs, at Finance Division, on Friday.
Federal Minister for Power Mr. Khurram Dastgir Khan, Dr. Muhammad Jehanzeb Khan, Special Assistant to the Prime Minister on Government Effectiveness, Mr. Tariq Fatmi SAPM, Mr. Zafaruddin Mehmood SAPM, Secretary Power, CEOs of Chinese IPPs and senior officer from Finance and Power Divisions attended the meeting.
The meeting discussed the issue of outstanding payments to Chinese IPPs in Pakistan and other hurdles faced by them.
Finance Minister Mr. Miftah Ismail shared that CPEC is a flagship project of friendship between Pakistan and China and expressed resolve of the present government to provide all kind of facilities to Chinese investors. He further assured the Chinese IPPs authorities to address and resolve their concerns immediately.
The Finance Minister also formed a committee comprising of representatives from Finance & Power Divisions and CPEC to hold meetings with Chinese IPPS on regular basis to address and resolve their concerns.
The CEOs of Chinese IPPs expressed their satisfaction over addressing and resolving their issues.