LAHORE
\nTwo major Chinese companies, Shenzhen Sea Energy Power Holding Company and Zhihyuzun Group, advanced large-scale investment plans in Punjab after meeting Provincial Minister for Industries, Commerce, Investment and Skill Development (ICI&SD) Punjab Chaudhry Shafay Hussain, unlocking new opportunities in textile manufacturing, auto-parts production and intercity transport.
\nGwadar Pro quoting ICI&SD\u2019 Punjab\u2019s statement issued late Friday, the executives from Shenzhen Sea Energy Power Holding Company formally requested approval to establish industrial units on \u201c250 acres of land in Quaid-e-Azam Business Park, Sheikhupura,\u201d marking one of the most ambitious industrial proposals submitted to the park this year.
\nMeanwhile, Zhihyuzun Group announced the launch of a two-phase intercity bus initiative.
\nThe company plans to operate \u201c120 new buses in the first phase and 300 in the second phase,\u201d with officials adding that \u201con success, the group will also shift its bus manufacturing plant to Punjab.\u201d
\nThe move would position Punjab as a future hub for large-scale bus assembly and transport solutions.
\nGovernment estimates suggest the two companies\u2019 combined investments will create more than 21,000 jobs, spanning manufacturing, services and logistics.
\nPunjab has intensified efforts to attract foreign direct investment by expanding SEZs with streamlined approvals, infrastructure-ready plots and fiscal incentives.<\/p>\n
Shafay Hussain said the developments reflect rising confidence from global investors and said that Punjab\u2019s \u201cSpecial Economic Zones (SEZs) offer special incentives for foreign investors,\u201d emphasizing that the province\u2019s \u201cinvestment-friendly environment has made Punjab the first priority\u201d for companies looking to expand industrial operations in Pakistan.<\/p>\n
The Quaid-e-Azam Business Park, located along the M-2 Lahore-Islamabad Motorway, is emerging as a major industrial cluster, particularly for textiles, engineering goods and export-oriented manufacturing<\/p>\n","protected":false},"excerpt":{"rendered":"
LAHORE Two major Chinese companies, Shenzhen Sea Energy Power Holding Company and Zhihyuzun Group, advanced large-scale investment plans in Punjab after meeting Provincial Minister for Industries, Commerce, Investment and Skill Development (ICI&SD) Punjab Chaudhry Shafay Hussain, unlocking new opportunities in textile manufacturing, auto-parts production and intercity transport. Gwadar Pro quoting ICI&SD\u2019 Punjab\u2019s statement issued late […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":{"0":"post-514770","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-peshawar"},"yoast_head":"\n