Islamabad, In a significant boost to Pakistan’s manufacturing sector, Transsion Holdings, a prominent Chinese company, has expressed a strong interest in expanding its investment in Pakistan. This expansion will include ventures into the manufacturing of mobile phones, electric bikes, modern agriculture, and fintech sectors. The commitment was voiced by Zhu Zhaojiang, founder and Chairman of Transsion Holdings, during a meeting with Prime Minister Shehbaz Sharif in Shenzhen.
According to Ministry of Information and Broadcasting, Prime Minister Shehbaz Sharif engaged directly with Zhu, urging federal ministers and Pakistan’s Ambassador to China to swiftly devise a collaborative strategy with Transsion Holdings. The Prime Minister emphasized the government’s dedication to facilitating foreign investors and businesses, encouraging the company to augment local manufacturing and export from Pakistan.
During the discussions, Sharif highlighted Pakistan’s wealth of resources and particularly pointed out the strength of its youthful workforce as a significant asset in attracting foreign investment. Responding to this, Chairman Zhu Zhaojiang shared that Transsion Holdings has already established a mobile phone production unit in Pakistan, which currently employs over five thousand locals. Zhu expressed his company’s eagerness to not only continue but also significantly enhance its investment, potentially boosting Pakistan’s export figures.
This meeting underscores a critical phase in Pakistan’s ongoing efforts to attract foreign investment to diversify its industrial base and spur economic growth, with a special focus on technology and sustainable development sectors.