China and Pakistan have signed a Memorandum of Understanding (MoU) for the construction of Chashma-5 nuclear power plant.
Federal Ministers Ishaq Dar, Ahsan Iqbal and Khurram Dastgir were also present on the occasion.
Addressing the ceremony, Prime Minister Shahbaz Sharif said that the 1200 MW nuclear power plant agreement is another milestone; this agreement will promote Pakistan-China economic relations.
The Prime Minister said that despite difficult economic conditions, Pakistan is committed to economic recovery, the investment of $ 4.8 billion by China is a positive step, and this agreement is a sign of the trust of Chinese investors and companies in Pakistan.
“China helped us when the IMF agreement was delayed,” he added.
The Prime Minister said that he is very grateful to Chinese President Xi Jinping, I am also grateful to Ishaq Dar and his team in the agreement with the Chinese government; I congratulate the people of Pakistan.
He said that Chashma-5 nuclear power plant has a capacity of 1200 MW, the total cost of the project is $ 400 billion, and the previous government had put the project in cold storage.
“I am grateful to the current military leadership of Pakistan for taking interest in the project,” he said.
Later, the Prime Minister also inaugurated the Margalla Avenue project in Islamabad.
