LAHORE:
Punjab Minister for Industries and Commerce Chaudhry Shafay Hussain has emphasised that Pakistan-Hunan Chamber of Commerce ought to facilitate the relocation of China’s textile business to Punjab and the federal government will present land in Particular Financial Zones in addition to supply each doable facility to Chinese language firms.
A delegation of Pakistan-Hunan Chamber of Commerce met with the minister for industries on the Punjab Small Industries Company (PSIC) Home. The assembly centered on funding alternatives for Chinese language firms within the province.
Talking on the event, Provincial Minister Shafay Hussain stated {that a} cooperation and partnership settlement exists between Pakistan-Hunan Chamber and the Division of Industries and Commerce. Because of the settlement’s implementation, Chinese language firms are coming to spend money on Punjab.
“Relocation of Chinese language business to Punjab will create native employment alternatives and result in expertise switch from China,” he stated.
The industries minister highlighted that there have been huge alternatives for Chinese language firms that would spend money on sectors resembling electrical automobiles, pet meals, agriculture, tourism, livestock and others.
He identified that Pakistan at the moment doesn’t have a single EV charging meeting plant, making this a super time to ascertain such a plant in Punjab. He urged Hunan Chamber to tell Chinese language companies in regards to the prospects of establishing EV charging meeting crops within the province.
Shafay Hussain said that investments by Chinese language firms in Punjab had been strengthening financial relations between Pakistan and China.
