Chinese investors eye EVs, tourism sectors in Punjab

Business Recorder reported that a group of 20 Chinese investors met Punjab Minister for Industries and Commerce Chaudhry Shafay Hussain in Lahore on Friday. The group, drawn from firms in electric vehicles, information technology, tourism and agriculture, has shown interest in building electric bus and truck plants in the province. They also want to invest in IT and tourism and set up a China pavilion to display Chinese goods.

Wei Linzhui, the forum's Beijing office director, said a China pavilion is planned on 100 kanals of land in Punjab, while an IT university in Gujrat is under consideration. Shafay Hussain noted that several Chinese firms have put millions of dollars into the province over the previous two and a half years. He added that Pakistan will see chip frame production start for the first time, and the VIVO factory at Faisalabad Industrial Estate is close to completion.

The minister invited investors to explore EV charging infrastructure, IT and tourism, and promised land for the proposed pavilion. He said special economic zones offer modern industrial infrastructure and that plot prices in industrial estates have been lowered. A 50-acre expo centre in Faisalabad is also planned, with work expected to start before the current year ends.