Islamabad, Sep 2: Chinese Group informed Abdul Aleem Khan, Federal Minister for Board of Investment, Privatization, and Communications, that significant investment will be made by building new industries, particularly in the Renewable Energy Sector.
The chairman of the Chinese company Hexing Electrical, Liangzhang Zhou, and his entourage made the announcement that Pakistan will see the establishment of the country’s first industry of that sort. This new business will manufacture batteries and inverters, which will be a major investment in the nation’s infrastructure for renewable energy. Abdul Aleem Khan praised the Chinese company’s move and stated that Pakistan has a plethora of investment options that, with the right business environment and present conditions, might yield significant returns.
He stated that Pakistan will offer exceptional investment facilities to attract foreign companies, particularly those from China. The construction of new factories, according to Abdul Aleem Khan, will raise the nation’s export and employment rates while also strengthening the economy. The large-scale construction of new factories and the transfer of industries from China to Pakistan, according to Federal Minister Abdul Aleem Khan, would be highly welcomed developments.
The Federal Minister assured the Chinese business delegation that Pakistan would fully cooperate, stating that the country appreciates the Chinese investment and will work with the right Ministries to make this happen, consulting stakeholders along the way.
According to Federal Minister Abdul Aleem Khan, numerous business enterprises are collaborating with the Pakistani business community through joint ventures following the Prime Minister’s recent visit to China. This is a sign of the Chinese investors’ complete trust in the Pakistani business community.
During the meeting, Federal Minister for Privatization and Investment Board Abdul Aleem Khan gave Liangzhang Zhuo, the leader of the Chinese group, his word that he would serve as a goodwill ambassador for China’s investors. Pakistan has enormous potential, according to Federal Minister Abdul Aleem Khan, and the building of electrical industry companies with international investment will be a prelude to the nation’s development.
He went on to say that all national institutions would take full advantage of China’s investment, and that commercial and cooperative exchanges between the two nations will fortify their enduring friendship. He claimed that the most pressing requirement for national development right now is the construction of industrial projects like power plants. The Federal Minister was also given a briefing on Hexing Group’s investment strategy in Pakistan by Director of Sales Ma Zuoteng and CEO Xu Guoneng during the meeting.
Mr. Junaid Hussain, Director of HR Europe at Hexing Group, provided insight into the planned initiatives and pursuits of his organization. According to the chairman of Hexing Electrical Group, his company employs 7000 people and serves 90 countries. Hexing Group has factories in 20 countries and plans to open one in Pakistan as well.
