Chinese Company Delegation Meets Ch Shafay Hussain
Umer Jamshaid Published April 23, 2024 | 07:30 PM
LAHORE, (UrduPoint / Pakistan Point News - 23rd Apr, 2024) A delegation from a chip manufacturing company in China met with Provincial Minister for Industries and Commerce Chaudhry Shafay Hussain, here on Tuesday at the Punjab Investment Board.
The Chinese company expressed interest in investing in chip and card manufacturing. Andrew Leong from XH Smart Tech Limited stated that their group aims to establish a chip manufacturing plant in Punjab and requested land in Bhalwal Industrial Estate.
During the meeting, Provincial Minister Chaudhry Shafay Hussain highlighted the extensive investment opportunities in Punjab's industrial zones. He mentioned the benefits of Special Economic Zones, including ten years of income tax exemption and one-time duty-free machinery import.
The minister assured the Chinese company of full support for investing in the industrial zone and emphasized the potential in chip and card manufacturing. He affirmed the Punjab government's commitment to providing necessary support for establishing the chip manufacturing plant.
Chaudhry Shafay Hussain reiterated his determination to attract new investments to Punjab, emphasizing the province's investor-friendly environment and the streamlined support provided to both domestic and foreign investors.
Present at the meeting were Secretary of Industries and Commerce, Ehsan Bhutta, CEO of Punjab Investment board, Jalal Hasan, and officials from XH Smart Tech Limited.
Recent Stories
Pakistan marks World Press Freedom Day
High-level Saudi business delegation due on May 5
Stocks heat up as US labour market cools
President approves Tax Laws (Amendment) Bill 2024
Implementation of merit, justice to oppressed segments top priorities: CPO
Overseas Kashmir community delegation calls on AJK President, discusses latest s ..
Govt believes in freedom of press: Amir Muqam
Labour urges UK election after Tory losses
Health authorities asked for action against alleged illegal tenders at Services ..
Spain scraps national bullfighting prize sparking debate
Lahore High Court (LHC) Chief Justice Malik Shahzad Ahmad Khan visits Rawalpindi ..
ATC extends interim bail of PTI founder in 3 cases
More Stories From Pakistan
-
RIUJ, NPC jointly organizes seminar on freedom of expression
2 hours ago -
LG&CD deptt appoints Dr Abdullah as Focal Person Media
2 hours ago -
PPP nominates Kundi, Saleem as governors KPK, Punjab respectively
3 hours ago -
Court awards 15-year imprisonment to accused in a rape case
3 hours ago -
PM visits residence of Saira Afzal Tarar, offers condolences over her father's death
3 hours ago -
Police bust gambling gang in Pindigheb area
3 hours ago
-
AJK PM approves Social Protection Ordinance
3 hours ago -
AJK President lauds overseas community for highlighting Kashmir issue
4 hours ago -
BUJ protests murder of KPC President Siddique Mengal
4 hours ago -
AJK PM chairs cabinet meeting
4 hours ago -
Randhawa for completing ongoing projects
4 hours ago -
Bilawal expresses sorrow over bus accident in Diamer
4 hours ago