LAHORE - In a major development, Nespak and two Chinese state enterprises have agreed to launch joint ventures for providing engineering consultancy services for infrastructural development, transportation, hydropower and rail network projects in China, Pakistan and rest of the world, it was learnt here on Friday.

In this regard, MoUs were signed between Nespak and Chinese firms during the recent visit of the Pakistani state consultant company’s delegation to China.

Amjad A Khan, MD NESPAK signed the MoUs with the representatives of M/s China Railway First Survey & Design Institute Group Ltd. (FSDI) and M/s China Water Resources Beifang Investigation Design and Research Co. Ltd. (BIDR) at Pakistani Embassy in Beijing in the presence of Senior Embassy officials.

The Chinese firms have agreed to launch joint ventures by utilizing expertise and experience on reciprocal basis. These collaborations will be based on equal footing between NESPAK and Chinese firms, which have reposed full confidence in NESPAK and shown keen interest to collaborate on future business ventures. Under the MoUs, NESPAK and Chinese firms shall endeavour to jointly undertake projects in Pakistan, China, Middle East and other parts of the world. Major prospective projects to be targeted by NESPAK and Chinese firms include mass transportation projects including Inter City and Light Rail Metropolitan Project, Coal Fired Thermal Power Plants and Hydropower Projects. Keeping in view the friendship that already exists between the two countries, the collaboration between the State Enterprises of China and NESPAK will take this friendship to new heights.

Ambassador of Pakistan to China Masood Khalid hoped that NESPAK will maintain its high standards of performance and uphold national pride while working with Chinese consultants. He termed this business collaboration in engineering consultancy sector between Pakistani and Chinese firms a healthy sign and said that it would open new business vistas for all the partners of these MoUs.

NESPAK as a public sector company has already established its repute as a top class engineering consultancy organization by rendering its services for various important projects in 34 countries of the world. Recently, NESPAK has also been registered in UK as NESPAK UK Limited to undertake projects in collaboration with European Consultants.