Islamabad: Minister for Energy Hammad Azhar has said that the government is committed to timely completion of power projects under China-Pakistan economic Corridor (CPEC) project.
Addressing the ceremony of 660 KV Matiari-Lahore High Power Transmission Line project in Islamabad on Friday, Hammad said this transmission line will bring stability to the power sector.
The Minister said the project will also provide relief to the people of Pakistan.
He said CPEC will promote connectivity in the region and generate numerous employment opportunities in the country.
He said Pakistan and China enjoy strong friendship and both the countries are cooperating in different sectors including health, education, power, trade and other CPEC related projects.
Speaking on the occasion, Chinese Ambassador to Pakistan Nong Rong said CPEC will be beneficial for all the segments of the society in Pakistan.
He said stable transmission of power is of vital importance for development of the industrial sector.
He said this project will prove to be a milestone in the economic development.
Later on the day, while addressing a press conference, Hammad Azhar said that there is no chance of Pakistan being put into FATF blacklist.
The Minister said that FATF’s president accepted that Pakistan has played exemplary role. The FATF has admired Pakistan’s performance. Pakistan has achieved 26 out 27 set targets.
Hammad Azhar further said that still a little more effort is required to get out of grey list, adding that FATF new action plan is regarding the eradication of money laundering.