China inks deal with cash-strapped Pakistan to set up nuclear power plant in Punjab province
China inks deal with cash-strapped Pakistan to set up nuclear power plant in Punjab province Prime Minister Sharif termed the nuclear power plant agreement signing as a token of increasing economic cooperation between Pakistan and China As a sign of increasing strategic cooperation between the two all-weather allies, China signed a deal with Pakistan to build a 1,200-megawatt nuclear power plant for a whopping $4.8 billion on June 20. Pakistan is financially strapped. The agreement that Beijing would construct a 1,200-megawatt Chashma-V nuclear plant at Chashma in the Punjabi district of Mianwali was signed by Prime Minister Shehbaz Sharif. Prime Minister Sharif promised to finish the nuclear power plant immediately and described the signing of the agreement as a sign of Pakistan and China's growing economic cooperation. He said, "We will kick start it without any further delay," slamming the previous Imran Khan government for delaying the crucial power project. He stat...