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Zardari urges setting up ‘energy fund’ for funding mega projects

President Asif Ali Zardari has called for greater Chinese investment in infrastructure projects particularly in mega energy projects and in this context proposed the setting up of Energy Fund for energy related mega Projects including the hydro-power projects.

Zardari also called upon the Joint Energy Working Group between the two countries that held its second meeting last month to find new ways in this regard.

The President, while holding a bilateral meeting with Chinese President Hu Jintao on the sidelines of the SCO summit in Beijing on Thursday, discussed a host of issues ranging from the whole gamut of bilateral relations to the recent developments taking place at the regional and international level.

Spokesperson to the President Senator Farhatullah Babar said that the President who arrived in Beijing on Tuesday on his ninth visit to China participated in the SCO summit earlier in the day before holding bilateral meetings with Presidents of Iran, Tajikistan and Afghanistan during the last two days on the side lines of the summit and sought Chinese support for Pakistan’s energy problem besides articulating Pakistan’s position on various issues of interest to the region and the world.

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