The Shanxi Coal and Chemical Industry Group of China intends to invest in technologies for the production of chemicals derived from coal reserves in Sindh, Pakistan. This project, supported by the Special Investment Facilitation Council (SIFC), seeks to improve collaboration between Pakistan and China in energy and industrial advancement.
Shanxi Coal and Chemical, one of China’s major state-owned firms, has made substantial investments in the coal and energy sectors. This project illustrates the increasing cooperation between the two nations.
Pakistan aims to fulfill its energy requirements by augmenting coal-fired production, thereby lowering electricity generation expenses. Petroleum Minister Musadik Malik stated that “Pakistan possesses extensive coal reserves, and this initiative demonstrates our dedication to the effective utilization of our natural resources.”
Pakistan now extracts roughly 7.6 million tons of coal annually from the Thar region, with intentions to augment this to 11 million tons within three years. The efficient utilization of these resources can stabilize the nation’s economy.
