‘Pakistan is one of the most important countries of One Belt One Road project’

Author: Staff Report

One of the most important countries in the One Belt One Road Project is Pakistan. The Karakoram Highway that connects Pakistan and China is one of the pivots of the China Pakistan Economic Corridor (CPEC).

The present government is determined to meet the future energy needs of the country; this was underscored by Federal Minister for Energy Omar Ayub Khan, while delivering a keynote address at the opening ceremony of the Belt & Road Ministerial Conference held on Friday in Suzhou, China.

The ministerial conference was organised by the Chinese government as a principal preparatory step to inaugurate Belt & Road Energy Partnership in 2019. The partnership will include nearly seventy countries and will seek to address issues of energy security, diversification and innovation amongst participating countries. Notable speakers at the opening session of the Belt & Road Energy Ministerial Conference, included Chinese State Councillor Wang Yong, Jiangsu Party Secretary Lou Qinjian and energy ministers from several countries.

The conference was attended by senior diplomats, leading power sector companies, entrepreneurs, chief executive officers, international organisations and government officials.

On the sidelines of the conference, Omar Ayub Khan met Azerbaijan’s Minister for Energy Parviz Shahbazov. In the meeting, the federal minister briefed his counterpart about opportunities that Pakistan’s energy sector was offering to investors and hoped that Azerbaijan would explore Pakistan’s energy sector for both investment and joint collaboration. Parviz Shahbazov, underscoring Pakistan’s regional importance and appreciating projects such as CASA 1000 and Turkmenistan-Afghanistan-Pakistan-India pipeline as well as Pakistan’s energy infrastructure, hoped that both countries will deepen co-operation for mutually advantageous prospects.

During the day-long conference, heads of many leading Chinese companies met Omar Ayub Khan and discussed with him potential areas of co-operation for investment in Pakistan’s vibrant and rapidly growing energy sector. Minister emphasised that Pakistan would be guided by imperatives of transparency, efficiency and win-win co-operation while seeking investment in the power sector.

Published in Daily Times, October 19th 2018.

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