Published On: Thu, Jan 16th, 2014

YEMA GROUP, CHINA TO INVEST IN PAKISTAN

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Corporate News (Pakistan News) Yema

Corporate News (Pakistan News)

A delegation of the YEMA Group Limited Company which is involved in providing diversified services such as international engineering contracting, financial investment, construction of large and medium-sized municipal construction works, cultural tourism industry, diversified development of the private enterprise group, held a meeting with the Special Assistant to Prime Minister and Chairman Board of Investment, Dr. Miftah Ismail and Secretary BOI, Mr. Imran Afzal Cheema. The Representatives of Private Power & Infrastructure Board (PPIB), Alternate Energy Development Board (AEDB), National Logistic Cell (NLC) and Trade Development Authority of Pakistan (TDAP) were also present during the meeting.

The Chinese company showed keen interest in providing Pakistan with financial support through different sources,  implementing the general contract (project) in the way of EPC, Engineering, procurement and construction.

Secretary BOI illuminated that investment in energy sector is the priority of the government to bridge the gap of demand and supply of power. He also highlighted the investment policy and incentives offered in the special economic zones of Pakistan.

Chairman BOI said that Pakistan has reserves of 175billion metric tons of coal at Thar Coal and 100, 000 MW energy can be produced for the next 200 years. He said that investment in Gaddani power project is priority of the present government.

The Director NLC, Mr. Asghar Nawaz proposed that NLC is seeking investment for construction of border terminals with the neighboring countries, included, one with china two with India and one with Iran. He also offered joint venture for the construction of motorway between Karachi – Hyderabad.

 

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