Chashma-V Nuclear Plant: Chinese company gives Rs30bln discount

ISLAMABAD: Prime Minister Shehbaz Sharif Tuesday said the signing of the Memorandum of Understanding for the 1,200 Megawatt Chashma-V Nuclear Power Plant is a great step forward in economic cooperation between Pakistan and China.

Addressing the signing ceremony of the Memorandum of Understanding for the construction of the Chashma-V Nuclear Power Plant in Islamabad on Tuesday, he said we will kick start it without any further delay.

The premier said under a difficult economic situation, Pakistan is up again for an investment of 4.8 billion dollars from China in this project, which sends the message that Pakistan is a place where Chinese companies and investors continue to show their trust and faith.

He said the Chinese companies gave a concession of Rs30 billion to Pakistan in two phases in the implementation of this project.

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He said when Pakistan is faced with economic challenges, and we are also engaged with IMF to finalize the 9th Review and met all conditions required by the IMF, China once again came to our help and rescue.

PM Shehbaz Sharif also lauded great brotherly countries Saudi Arabia, United Arab Emirates and Qatar for extending help to Pakistan.

The premier said we are deeply obliged to President XI Jinping, and the Chinese leadership for their generous help to Pakistan.

Finance Minister Mohammad Ishaq Dar, Minister for Energy Khurram Dastgir, Minister for Planning and Development Ahsan Iqbal, the Chinese Charge d’affaires Ms Pang Chunxue representative of Chinese companies and other higher authorities of Pakistan and China were also present on this occasion.