Chinese firms looking to invest in Punjab

By Khalid Aziz | Gwadar Pro Sep 1, 2022

ISLAMABAD, Sep 1, (Gwadar Pro)-Chinese firms JP Fintech and Guangxi Yincheng Corp. have showed keen interest in developing Special Economic Zone/Special Technology Zone in Punjab, the Punjab Board of Investment and Trade (PBIT) said on Wednesday.

 PBIT said that representatives of the Chinese firms met CEO PBIT Jalal Hassan to discuss and explore potential investment avenues in Punjab province.

Jalal Hassan assured the visiting delegation of full advisory, facilitation and transactional support. He said that this cooperation shall offer great opportunity to the people of Punjab and China to join hands and work towards a more technologically-advanced and industrialized Punjab.

A week ago, PBIT held an online zoom meeting with ADM Group, China through the Consulate General of Pakistan in Shanghai to share the investment regime of Punjab and identify land for Electronic Vehicle (EV) manufacturing in Punjab and connect with the local partners for joint venture matchmaking. The Consul General of Pakistan to Shanghai, Team of ADM group from China and team of PBIT and representatives of Railcop Group (owner and developer of an upcoming private SEZ in Punjab) participated in the meeting. Both sides discussed the SEZ framework of Punjab and agreed to work together in future with mutual consent and PBIT as an IPA shall facilitate them to identify land and connect  the local JV partners.

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