China’s Shengtang Group on Monday expressed interest in exploring investment opportunities worth US$10 million in Pakistan, particularly in industrial development, electric vehicles (EVs), infrastructure, energy, railways, tourism and urban development, reflecting growing Chinese interest in Pakistan’s industrial and economic potential.
ISLAMABAD, Oct 12 (APP): China’s Shengtang Group on Monday expressed interest in exploring investment opportunities worth US$10 million in Pakistan, particularly in industrial development, electric vehicles (EVs), infrastructure, energy, railways, tourism and urban development, reflecting growing Chinese interest in Pakistan’s industrial and economic potential.
A delegation of the Chinese group called on Adviser to the Prime Minister on Industries and Production Haroon Akhtar Khan and discussed potential investment and cooperation in key sectors of the economy, including the proposed signing of a Memorandum of Understanding (MoU) worth US$10 million.
During the meeting, Haroon Akhtar said that the prime minister’s vision of enhanced cooperation with China was being translated into practical outcomes with clear directions to facilitate Chinese investors, improve the business environment and ensure ease of doing business in Pakistan.
He said business-friendly regulatory reforms were being introduced in line with the prime minister’s directives to attract foreign investment and promote industrial development.
The adviser also highlighted the land-lease model available to investors as an important facilitation mechanism for encouraging investment and supporting industrial growth.
“The time is right for investors to explore opportunities in Pakistan. The country has demonstrated its reliability and resilience at the international level,” Haroon Akhtar Khan said, inviting Chinese investors to benefit from emerging opportunities in Pakistan’s industrial and economic landscape.
Highlighting the longstanding relationship between Pakistan and China, Haroon said the two countries enjoyed ties that were “thicker than blood.”
He noted that numerous joint ventures and MoUs had been signed between the two countries, with approximately 40 per cent of these joint initiatives reportedly entering the implementation phase.
He observed that further Chinese investment would contribute to industrial expansion, economic activity, technology transfer and employment generation in Pakistan.
Speaking about emerging investment opportunities, Haroon Akhtar identified electric vehicles as an important area for the next phase of investment and industrial cooperation.
He said Pakistan was progressing towards EV technology and that collaboration with Chinese companies could support technological advancement and strengthen the country’s industrial base.
The Adviser assured the delegation of the government’s full support and commitment to facilitating investment. He also presented a commemorative souvenir to the Chinese delegation.
Additional Secretary Humaira Zia Mufti, Joint Secretary Freedoon Akram Sheikh and Joint Secretary Amir Aqiq also attended the meeting.