ISLAMABAD 31 August 2024 (TDI): A delegation from China’s leading business group, Hengxing Electrical, met with Federal Minister for Investment Board and Privatization, Abdul Aleem Khan, to express interest in investing heavily in Pakistan’s key sectors. The group’s chairman, Liang Zhangzhu, discussed potential investments in the renewable energy sector and setting up factories in Pakistan.
Federal Minister Abdul Aleem Khan welcomed the Chinese delegation and assured them of exceptional facilities for investment in Pakistan. He emphasized that new factories would create employment opportunities and increase exports. The minister praised the transfer of industries from China to Pakistan and the establishment of new factories as a commendable step.
The federal minister reiterated his commitment to being an ambassador for Chinese investors in Pakistan. He stated that foreign investment in the electrical sector would drive national development. Pakistan has immense potential, and Chinese investment would play a significant role in this regard. Bilateral cooperation and business activities would further strengthen the Pakistan-China friendship.
Chairman Liang Zhangzhu mentioned that Hengxing Electrical is operating in 90 countries with a workforce of 7,000 and has factories in 20 countries. He announced plans to establish new factories in Pakistan, including the first formal institution for producing “inverters and batteries”.
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The meeting included a detailed briefing by Director HR Europe, Junaid Hussain, on the group’s proposed projects and activities in Pakistan. Federal Minister Abdul Aleem Khan assured the Chinese business delegation of full cooperation and promised to bring relevant ministries on board. Several Chinese business groups are collaborating with Pakistan’s business community through joint ventures.
