Beijing: Visiting Pakistan’s Water & Power Minister Syed Naveed Qamar called for closer cooperation between China and Pakistan in energy industry. Noting Pakistan’s current lack of power, he said both countries should have more cooperation in hydroelectric power, nuclear energy, oil and gas.
Qamar who was in Beijing to chair first Pakistan-China Joint Energy Working Group JEWG meeting on August 1-2, 2011 spoke highly of meeting, saying it was “successful. We not only discussed policies, but also touched on specific projects that Chinese companies are working on in Pakistan and how both of both countries can make efforts to facilitate them, “ Xinhua news agency reported.
The two countries agreed to promote a long-term meeting mechanism for bilateral energy cooperation, he said, adding Pakistan is eyeing more investment from Chinese companies. JEWG meetings were announced in joint statement during Premier Wen Jiabao’s visit to Pakistan last year. According to statement, two countries agreed to boost cooperation in conventional energy, renewable energy and nuclear energy for civilian use.
By end of 2010, Chinese enterprises had signed contracts with Pakistan worth a total of US$19.87 billion. China’s direct investment in Pakistan hit $1.36 billion, while Pakistan’s investment in China reached $57.38