ISLAMABAD: Pakistan has invited Chinese companies to take advantage of incentives offered by government for investment and set up solar panels and lithium battery manufacturing units in the country.
The offer was made by Minister for Science and Technology, Fawad Hussain Chaudhry at a meeting with CEO of MERA PC Solutions in Beijing.
The minister said Pakistan had huge potential in solar and lithium battery manufacturing and there were great opportunities for exports to Africa, Middle East, Central Asia, and Afghanistan.
He said the government would provide all facilities including land, technical support and human resource besides joint ventures opportunities to the Chinese companies.
Fawad Chaudhry said Chinese companies should diversify manufacturing in Pakistan as the government wanted to enhance production and exports.
The CEO of the MERA PC Solutions said his company would ensure transfer of technology to Pakistan and help increase local manufacturing and enhancing exports.
On Oct 8, addressing a gathering of big Chinese investors, industrialists and businessmen in Beijing, Prime Minister Imran Khan had said it was the time to come to Pakistan for investment.
“There are five reasons to invest in Pakistan. Pakistan is one of the most strategic located places in the world. We have a population of 220 million people. Unlike China, 60 percent of Pakistanis are below the age of 30, which makes it one of the youngest populations. We have started economic revival reforms as well,” he had said on this occasion.
He had said Pakistan had made the biggest stride in creating ease of business. “In the world we are number eight in making the biggest advances in creating ease of doing business.”
“Pakistan is the most untapped tourist potential place in the world.” He had said Pakistan was one of the most sought after places for religious tourism as well.