BUSINESS/FINANCE
Chinese Investors Eyeing Industrial Relocation to Pakistan, Boosting Job Creation and Exports
Chinese investors are expressing strong interest in relocating key industries to the country, thanks to the efforts of the Special Investment Facilitation Council (SIFC). This initiative is part of a broader vision to enhance Pakistan’s economic prospects by increasing employment opportunities and bolstering exports.
Under the comprehensive roadmap, Chinese companies will shift their textile, plastic, leather, medical, surgical equipment, and renewable energy sectors to Pakistan. A key development includes the establishment of a solar panel assembly facility at Port Qasim, Karachi, by a leading Chinese solar panel manufacturer. This project is expected to contribute significantly to Pakistan’s renewable energy capacity. Another major initiative comes from Xiamen Sino-Pak International Investment Company, which has expressed its intention to set up an assembly factory for electric bikes, scooters, and tricycles in Khyber Pakhtunkhwa. This factory is expected to revolutionize local public transportation, introducing innovative electric vehicles to the Pakistani market.
In addition, China’s Hexing Electrical, a smart metering and energy management expert, is also considering investment in Pakistan’s renewable energy sector, further solidifying the country’s move toward sustainable energy solutions.