BEIJING: Following Prime Minister Shahbaz Sharif’s recent visit to China, top Chinese firms have expressed optimism about the future of the China-Pakistan Economic Corridor (CPEC).
Executives from leading Chinese engineering and power companies, including China Machinery Engineering Corporation (CMEC) and POWERCHINA, forecast an increase in investments and new initiatives in Pakistan.
During a media interaction, Dai Bao, Vice General Manager of CMEC in Pakistan, conveyed the company’s strong commitment to collaborating with the Pakistani government in the upcoming second phase of CPEC.
He cited the recent talks between President Xi Jinping and Prime Minister Sharif as a pivotal moment for bilateral cooperation. “The initial phase of CPEC laid a strong foundation, and we are now poised to enter a transformative stage that promises substantial bilateral achievements,” said Bao.
Dai Bao elaborated on CMEC’s extensive preparations over the past five years, which include plans for industrialisation, agricultural modernisation, and initiatives in trade, healthcare, education, and poverty alleviation. “With support from both governments, we are ready to significantly contribute to this milestone project,” he added.
Similarly, Ding Yanzhang, Chairman of POWERCHINA, confirmed his company’s readiness to expand their involvement in Pakistan, particularly in hydropower and renewable energy sectors. This commitment aims to enhance Pakistan’s energy structure and promote sustainable development.
Both companies highlighted their historical contributions to Pakistan’s infrastructure, citing projects like the Port Qasim Coal-fired Power Plant, the Dawood Wind Power Project, and the Tarbela Hydropower Station extensions.
Current projects include additional hydropower and renewable energy ventures such as the Tarbela 5th Extension and the Diamer Basha Dam.
These developments underscore the ongoing commitment of Chinese firms to CPEC and their role in boosting Pakistan’s economic landscape through strategic investments in critical sectors.
