President Asif Ali Zardari has assured Shanghai Electric that Pakistan remains committed to resolving all outstanding issues 'amicably’. He invited the Chinese energy conglomerate to explore further investment opportunities in the country’s power transmission and distribution infrastructure, state media reported on Monday.
The development took place during President Zardari’s visit to Shanghai Electric’s headquarters, just days after the company formally terminated its long-delayed $1.77 billion acquisition of K-Electric, citing Pakistan’s shifting regulatory and business environment.
The president met Chairman Wu Lei and visited company facilities in Shanghai, where he was briefed on Shanghai Electric’s operations in Pakistan, including projects related to Thar Coal, nuclear energy, and