ID :
26676
Sun, 10/26/2008 - 19:21
Auther :
Shortlink :
http://m.oananews.org//node/26676
The shortlink copeid
China to invest in Pak`s telecom and power sectors:report
Islamabad, Oct 25 (PTI) China is quietly working to provide Pakistan a soft loan of USD 1.5 billion to address its financial crisis and plans to invest over USD 3.7 billion in the country's telecom and power sectors in the next two to three years.
Despite security issues and financial pressures, China
has decided to stand by its two trusted friends —- Pakistan
and Nigeria -— and will invest over USD four billion in these
two countries by the end of 2009, Chinese officials told The
News daily.
In a report from Beijing, the newspaper quoted top
Chinese officials as emphasising that Nigeria and Pakistan
were "very important countries" for China. Many Chinese oil
companies are working in the dangerous Niger delta zone, while
China plans to connect its Xingjian province with African
countries through Gwadar port in Pakistan's Balochistan
province.
Chinese experts believe their workers in Nigeria and
Pakistan are becoming victims of an international conspiracy
and say that Beijing will "expose the hands behind this
conspiracy very soon".
Nigeria was the first country for which China put a
satellite in orbit and Pakistan will become the second such
country by 2011, when Beijing will launch the PakSat-1R
satellite for Islamabad. This satellite will have a lifespan
of 15 years and will open new opportunities for foreign
investment in Pakistan.
At a briefing in Beijing Friday, Foreign Office
spokesman Qin Gang said Chian would also help Pakistan for the
peaceful use of nuclear energy under International Atomic
Energy Agency (I.A.E.A.) laws. Pakistan recently announced it
had signed an agreement with China to build two new nuclear
reactors though there has been no official word from Beijing
on this development.
China is "also aware of those countries that are not
happy over its presence in Africa and Gwadar", the report
said. A Chinese official said three Chinese workers were
abducted by unidentified kidnappers this year in Calabar, the
capital city of Nigeria's southern cross-river state.
Five Chinese telecom workers were kidnapped early last
year in the southern oil city of Port Harcourt while two
workers of a Chinese company were abducted in the southern
Nigerian state of Anambra by unidentified persons late last
year. These kidnappings began last year when China announced
it would provide a telecommunications satellite to Nigeria.
PTI
Despite security issues and financial pressures, China
has decided to stand by its two trusted friends —- Pakistan
and Nigeria -— and will invest over USD four billion in these
two countries by the end of 2009, Chinese officials told The
News daily.
In a report from Beijing, the newspaper quoted top
Chinese officials as emphasising that Nigeria and Pakistan
were "very important countries" for China. Many Chinese oil
companies are working in the dangerous Niger delta zone, while
China plans to connect its Xingjian province with African
countries through Gwadar port in Pakistan's Balochistan
province.
Chinese experts believe their workers in Nigeria and
Pakistan are becoming victims of an international conspiracy
and say that Beijing will "expose the hands behind this
conspiracy very soon".
Nigeria was the first country for which China put a
satellite in orbit and Pakistan will become the second such
country by 2011, when Beijing will launch the PakSat-1R
satellite for Islamabad. This satellite will have a lifespan
of 15 years and will open new opportunities for foreign
investment in Pakistan.
At a briefing in Beijing Friday, Foreign Office
spokesman Qin Gang said Chian would also help Pakistan for the
peaceful use of nuclear energy under International Atomic
Energy Agency (I.A.E.A.) laws. Pakistan recently announced it
had signed an agreement with China to build two new nuclear
reactors though there has been no official word from Beijing
on this development.
China is "also aware of those countries that are not
happy over its presence in Africa and Gwadar", the report
said. A Chinese official said three Chinese workers were
abducted by unidentified kidnappers this year in Calabar, the
capital city of Nigeria's southern cross-river state.
Five Chinese telecom workers were kidnapped early last
year in the southern oil city of Port Harcourt while two
workers of a Chinese company were abducted in the southern
Nigerian state of Anambra by unidentified persons late last
year. These kidnappings began last year when China announced
it would provide a telecommunications satellite to Nigeria.
PTI
