President and CEO of Pak Matiari-Lahore Transmission Company (PMLTC) Ms Zhang Lei accompanied by Deputy CEO Ma Desheng and CFO Wang Bo called on Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb at Finance Division office today.

Ms Zhang Lei extended her congratulations to Aurangzeb on assuming office and appreciated the government’s efforts in driving reforms and structural developments across various sectors.

She provided an overview of China Electric Power Equipment and Technology Co. Ltd. (CET) and its ongoing projects in several countries. Ms Lei briefed the minister on the progress of the Matiari-Lahore HVDC project and discussed potential opportunities in Pakistan pertaining to hybrid renewable energy and hydrogen production.

The delegation also raised some issues related to currency conversion and sales tax recovery from the National Transmission and Dispatch Company (NTDC). The Finance Minister acknowledged the contributions of PMLTC to infrastructure development and assured the delegation of required support through relevant government channels.

He highlighted the importance of successfully concluding the IMF program to bolster foreign exchange reserves and underscored the ongoing reforms in Pakistan’s power sector. The meeting concluded on a positive note, with both parties expressing optimism about future collaborations aimed at advancing Pakistan’s energy landscape and fostering economic growth.