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Chinese interested in setting up auto unit in Pakistan

Chinese interested in setting up auto unit in Pakistan

LAHORE: The atmosphere is now conducive for investment and trade in Punjab by foreign investors in all development sectors where they will be provided fool-proof security, said Provincial Minister for Labour and Human Resource Raja Ashfaq Sarwar.

During a meeting with a six-member delegation of Chinese investors and industrialists, led by the director of renowned automobile manufacturer JAC Motors, Chen Zhi Qiang, matters of bilateral interest were discussed along with mutual promotion in different sectors including automobile, infrastructure development, agriculture, livestock, energy and trade.

Auto policy approved, door wide open for new entrant

The Chinese delegates expressed their keen interest in setting up an automobile manufacturing unit in Punjab.

The minister welcomed the proposal and said the Punjab government had set up a number of industrial zones in the province with tax exemptions to encourage investment, particularly Chinese investment since both countries had a remarkable opportunity for economic, industrial and business growth under the China-Pakistan Economic Corridor (CPEC).

He said CPEC would provide employment for the youth of Punjab and for which the government had drafted a plan of action for imparting latest skills training to about two million youth.

Manufacturers gear up for Chinese interest

Sarwar also praised efforts of the Chinese government to eliminate the energy crisis from Pakistan and cooperate in mega projects of infrastructure development.

Premier Group of Companies CEO Shaukat Mubarak and Premier Engineering Pakistan Country Head Ahmad Danial were also present on the occasion.

Courtesy : Express Tribune



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