Lahore: A delegation from PowerChina, a Chinese company in the energy sector, met with Chaudhry Shafay Hussain, Punjab’s Provincial Minister for Industries and Commerce, to explore investment opportunities in the province’s Special Economic Zones (SEZs). According to Directorate General Public Relation – Govt of Punjab, the meeting took place at PSIC House on Davis Road, where PowerChina expressed interest in investing in Punjab’s energy sector.

During the meeting, Yao Chen Yang, Director for South Asia Region, highlighted the company’s financial commitment to Pakistan’s economy, noting their involvement in the Bhasha Dam project. He expressed a strong interest in further investments within Punjab’s SEZs. Minister Hussain emphasized the province’s appeal to international investors, citing significant investments from Chinese and other foreign companies.

Minister Hussain also mentioned potential opportunities in electric vehicles, energy, and other sectors, assuring PowerChina of government support should they choose to invest in any of Punjab’s SEZs. He outlined plans for small hydropower projects on provincial canals as potential investment ventures for PowerChina.

Highlighting the benefits of investing in SEZs, Minister Hussain mentioned tax exemptions and duty-free import facilities for machinery. He assured that foreign investments were well-protected in Punjab and encouraged PowerChina to invest with confidence.

The meeting was attended by officials from the Punjab Industrial Estates Development and Management Company, Punjab Asia Investment and Cooperation Office, and the Punjab Board of Investment and Trade, along with PowerChina representatives and their local partner, Muhammad Arsala Khan, CEO of KMAk Group of Companies.