” FM Dar urges financing for nuclear energy projects ” | GNN INFO

Foreign Minister Ishaq Dar has called upon multilateral development institutions to consider aggressive financing for nuclear energy projects.

In a video message on the sidelines of the Nuclear Energy Summit in Brussels, the foreign minister said this will help developing countries install nuclear energy plants and expand the use of green energy. He also said that other heads of delegations at the summit have asked international financial institutions to consider the same.

The foreign minister said nuclear energy is regarded as the safest source of energy after hydropower.

Elaborating further, Dar said Pakistan’s installed nuclear energy capacity is more than 3,500 megawatts and added that the country is also building another nuclear power plant, Chashma-5, with the cooperation of China.

China to assist Pakistan in stabilizing financial situation

Dar on Friday held a meeting with Chinese Vice Premier Zhang Guoqing wherein the latter underlined that China would assist Pakistan in stabilizing its financial situation.

In the meeting held on the sidelines of the First Nuclear Energy Summit in Brussels, both sides agreed on the importance of the longstanding cooperation between Islamabad and Beijing in civil nuclear technology.

Zhang and Dar noted with appreciation the traditional ‘Pakistan-China All-Weather Strategic Cooperative Partnership’ and iron-clad friendship as an exemplary and unique relationship.

The foreign minister reiterated Pakistan’s longstanding support for the One-China policy. He underscored that there was an absolute consensus in Pakistan on relations with China and Pakistan’s strong commitment to the second phase of the China-Pakistan Economic Corridor (CPEC).

He expressed China’s readiness to upgrade CPEC and to further strengthen cooperation in diverse fields including industry, mining, and information technology.