ISLAMABAD: Deputy Prime Minister and Foreign Minister Ishaq Dar invited Chinese Gezhouba Group to expand its operation in Pakistan under second phase of China Pakistan Economic Corridor.

“Under phase-II of CPEC, Pakistan offers generous incentives to Chinese investors which Gezhouba Group can use to expand its business footprints in Pakistan,” he said while talking to Chairman of Gezhouba Group in Beijing. Gezhouba Group is subsidiary of Energy China, which is China’s leading company undertaking multiple power generation projects in Pakistan, press release issued by Foreign Office said. He expressed condolence to Chairman at tragic incident in Shangla in which 5 Chinese and 1 Pakistani national were martyred.

Noting contribution of Gezhouba Group to Pakistan’s economic development, he underscored that Pakistan needed to further expand its power generation capacity in renewable and hydel sectors for which Gezhouba Group can play leading role. Chairman thanked Pakistan for taking effective steps to ensure security of Chinese nationals in Pakistan and expressed firm resolve that company would timely complete all its projects in Pakistan and would further expand operations to new areas of cooperation.