Khyber Pakhtunkhwa, Chinese firms sign MoUs worth $24 billion

Pakistan’s resource-rich northern province of Khyber Pakhtunkhwa has signed MoUs worth $24 billion with Chinese state-owned companies and investors for different development projects.

Talking to media persons on Wednesday, KP’s provincial chief Minister Pervez Khattakhe said Chinese delegations had started coming to the northern province for signing different MoUs.

He said these agreements included construction of a 1,900MW power plant, industrial parks in Peshawar, Nowshera, Mardan, Charsadda and Swabi, and a separate CPEC-funded road from Dir to Chitral.

The chief minister also expressed satisfaction over the progress made so far on implementing MoUs that were inked during the Beijing Road Show, last month.

OBOR Summit in Beijing, China

Khattak alongwith other provincial heads were part of the high-level delegation led by Prime Minister Nawaz Sharif to China for the OBOR Summit hosted by President Xi Jinpiang. Leaders from 30 countries including US, UK, Sri Lanka and Pakistan attended the forum, which ended on Monday.

Khattak said new avenues of prosperity and socioeconomic development would open in his province and in the country.

However, he said, most of the projects were related to federal government, except an agreement to build two-lane railway track from Peshawar to Rawalpindi.

Apart from this, he said the KP government separately signed agreements with Chinese government and investors in health, education and infrastructure development sectors.

He said now the people of KP would not need to go abroad for seeking employment opportunities rather they would get respectable opportunities in their own province under the CPEC.

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