ISLAMABAD: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb on Tuesday met with the President and CEO of Pak Matiari-Lahore Transmission Company (PMLTC) Ms. Zhang Lei to discuss various aspects of energy sector development and cooperation.
The meeting was also attended by Deputy CEO Ma Desheng and CFO Wang Bo, said a news release.
The minister acknowledged the contributions of PMLTC to infrastructure development and assured the delegation of required support through relevant government channels.
He highlighted the importance of successfully concluding the International Monetary Fund (IMF) program to bolster foreign exchange reserves and underscored the ongoing reforms in Pakistan’s power sector.
Ms. Zhang Lei extended appreciated the government’s efforts in driving reforms and structural developments across various sectors.
She provided an overview of China Electric Power Equipment and Technology Co. Ltd. (CET) and its ongoing projects in several countries.
Ms. Lei briefed the minister on the progress of the Matiari-Lahore HVDC project and discussed potential opportunities in Pakistan pertaining to hybrid renewable energy and hydrogen production. The delegation also raised some issues related to currency conversion and sales tax recovery from the National Transmission and Dispatch Company (NTDC).
Both sides expressed confidence in future collaborations aimed at advancing Pakistan’s energy landscape and fostering economic growth.