Federal Minister for Science and Technology, Fawad Hussain Chaudhry on his visit to China invited Chinese companies to exploit the incentives offered by the Pakistani government by investing in Pakistan. He offered them to set up solar panels and lithium battery manufacturing units in Pakistan.
“Pakistan has a huge potential in solar and lithium battery manufacturing and there are great opportunities for exports to Africa, the Middle East, Central Asia, and Afghanistan,” he said in a meeting with CEO of MERA PC Solutions here.
He said the Chinese companies should diversify manufacturing in Pakistan as the government wanted to enhance production and exports, adding, “We are switching over from the services to production in the country.”
He informed the Chinese inverstors that in Paksitan the motorways network was near to completion which would enhance connectivity in the country while ML-I railways would also be completed in the next five years.
About Gwadar, an important component of the China-Pakistan Economic Corridor (CPEC), he said, it was on the right path as work was being carried out at a fast pace on the new airport and other mega projects.