Pak sign MoU with China for construction of houses

Islamabad: Pakistan and China XiaJiang Beixin Construction and Engineering Corporation signed a Memorandum of Understanding (MoU) in the Ministry of Housing and Works for the construction of houses, flats and commercial areas in Islamabad, Lahore, Karachi, Quetta under Prime Minister's Housing Scheme.

Vice President of XinJian Beixin Corporation, Sun Yu and Managing Director, Pakistan Housing Authority (PHA), Raja Muhammad Abbas signed the MoU documents. Federal Secretary, Housing and Works Samiul Haq Khilji, Chief Engineering Advisor, Ali Abid, DG PHA, Shahid Nadeem and members of the Chinese delegation also attended the ceremony.

Under the MoU, the Chinese Company will build low cost housing units for the poor, needy government employees and public besides developing of commercial areas in the respective places, with investment of billions of dollars.

The Federal Secretary Housing and Works, Samiul Haq Khilji said that the delegation of Chinese company held a detailed discussion with Pakistani officials on investment opportunities and expressed their keen interest in the housing projects.

Further, he said that the government is thankful to China for its co-operation in the socio-economic uplift of our country. 'Pak-China co-operation in the construction sector would benefit the two countries to learn from each other's experience in this vital field of economy,' he added.