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Power generation from small dams priority: Shahbaz

CHIEF Minister Shahbaz Sharif has said that government is making serious efforts on emergent basis for controlling energy crisis as it is essential for realising the dream of progress and prosperity.

He said there are vast opportunities of investment in the energy sector. He said electricity generation from coal and projects of small hydel dams are the priority of the government. He said that special incentives are being offered to foreign investors for setting up energy projects. He said that Turk investors should fully benefit from investment opportunities in energy sector.

He was talking to a delegation of Turk investors. Talking to the Turk delegation, the chief minister said that several Turk companies are working on various projects with the collaboration of Punjab government and have invested billions of dollars in the province during last five years. He appreciated the cooperation and investment of Turkey in metro bus project, solid waste management and landfill site projects. He said there is also a vast scope of investment in tourism and housing sector in Punjab and Turk investors should consider investment in these sectors as well. Shahbaz Sharif said that a favourable atmosphere has been created in Punjab for investment and Punjab Investment Board is assisting and facilitating investors. He said that a modern system of sanitation has been introduced in the provincial metropolis with the collaboration of Turk companies and its scope is being expanded to five other cities of Punjab, including Rawalpindi, Multan, Faisalabad, Gujranwala and Sialkot. He said that Turkey is a brotherly country of Pakistan and the ties between the two countries have been changed into strong economic relations.

Turk investors expressed their desire for investment in energy, housing and other sectors in Punjab. They said they are deeply impressed with the completion of metro bus project in a record period of time. They said that Lahore can be considered among the developed cities of the world.

MoU: A Memorandum of Understanding has been signed between Punjab Government and Turk Cooperation and Coordination Agency.

Chief Minister Shahbaz Sharif, Provincial Minister for Housing Tanvir Aslam Malik, Chairman Lahore Transport Company Khawaja Ahmad Hassaan, Turk Ambassador in Pakistan S Babur Girgin, Secretary Housing and Lahore Development Authority Director General were present on the occasion.

Turk Ambassador S Babur Girgin and Chairman Planning & Development signed the minutes of the memorandum while the head of Turkish Cooperation and Coordination Agency Dr Sirdar Cam and Punjab Skill Development Fund Chairperson Ali Sarfraz signed the MoU.

Under the agreement, bilateral cooperation will be increased in the field of vocational training, protection of archeological sites, capacity-building of Red Crescent and housing sector. Turkish Cooperation and Coordination Agency will extend technical assistance in vocational training in garments, construction and automobile sectors. The Turk agency will also provide help in preparation of syllabus, training of trainers, courses as well as provide training equipment. Besides exchange of delegations of experts in archeology, the Turk agency will also extend assistance in the protection of archeological buildings and training of the staff of Archeology Department. Moreover, mutual cooperation will be increased between Red Crescent Societies of Pakistan and Turkey and the pilot project will be started from Punjab. Turk Cooperation and Coordination Agency will also provide technical assistance for launching housing projects for low income people.

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