Govt providing facilities to foreign investors: PM

Shenzhen: A Chinese company Transsion Holdings has evinced deep interest in investing in the manufacturing of mobile phones, electric bikes and modern agriculture and fintech in Pakistan.

The interest was expressed by the founder and Chairman of Transsion Holdings Zhu Zhaojiang during a meeting with Prime Minister Shehbaz Sharif in Shenzhen.

The Prime Minister asked the Federal Ministers and Pakistan's Ambassador to China to soon prepare strategy together with Transsion Holdings.

Shehbaz Sharif said: “The government is ensuring the provision of facilities to foreign investors and businessmen”. He invited Transsion Holdings to manufacture goods locally in Pakistan and export them abroad.

He stated Pakistan has all kinds of resources and its biggest strength is the young manpower.

The Chairman Transsion Holdings informed the Prime Minister that the company has already established a unit in Pakistan for the production of mobile phones, which has provided employment to over 5,000 Pakistanis.

He added that his company is deeply interested in expanding its investment in mobile phones in Pakistan, which will increase its exports from Pakistan.

It is pertinent to note that federal ministers Ishaq Dar, Khawaja Muhammad Asif, Ahsan Iqbal, Muhammad Aurangzeb, Abdul Aleem Khan, Jam Kamal, Attaullah Tarar and Minister of State for Information and Technology Shaza Fatima Khawaja were also present on the occasion of the meeting.