Chinese Tech Giant Eyes Investment In Pakistan’s Mobile, EV Sectors

Prime Minister Shehbaz Sharif and his cabinet members held talks with Transsion Holdings for a potential new joint venture. Transsion Holdings, a Chinese company, expressed strong interest in investing in mobile phone manufacturing, electric bikes, modern agriculture, and fintech in Pakistan. This interest was conveyed by the company’s founder and Chairman, Zhu Zhaojiang, during a meeting with PM Shehbaz Sharif in Shenzhen.

PM Shehbaz Sharif urged Federal Ministers and Pakistan’s Ambassador to China to collaborate with Transsion Holdings in devising a strategy. He assured that the government is dedicated to facilitating foreign investors and businessmen, encouraging local manufacturing for export.

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Highlighting Pakistan’s abundant resources, PM Shehbaz Sharif emphasized the country’s youthful workforce as its primary strength. The Chairman of Transsion Holdings noted the establishment of a mobile phone production unit in Pakistan, providing employment to over five thousand locals. He expressed keen interest in expanding their investment in mobile phones to enhance exports from Pakistan.

In essence, the meeting focused on Transsion Holdings’ interest in diversifying its investments into various sectors in Pakistan, with a strong emphasis on mobile phone manufacturing. PM Shehbaz Sharif underscored the government’s commitment to fostering an enabling environment for foreign investment and local production, highlighting Pakistan’s potential as an attractive destination for business ventures.