China expressed interest in establishing Pakistan’s first inverter and battery manufacturing industry

A Chinese investment group, Hexing Electrical Group, has expressed interest in establishing Pakistan’s first inverter and battery manufacturing industry. The proposed investment aims to boost Pakistan’s emerging electronics sector, driving technological advancements and job creation.

Chairman Liangzhang Zhou met with Federal Minister Abdul Aleem Khan to discuss the investment plan, highlighting Hexing Group’s global presence and intention to set up a factory in Pakistan. Minister Khan welcomed the initiative, emphasizing Pakistan’s readiness to offer a conducive environment for foreign investors.

The investment is expected to bring numerous benefits, including job creation, export boost, and economic invigoration. Minister Khan assured comprehensive support from relevant ministries and stakeholders, facilitating the establishment of new factories and transfer of industries from China to Pakistan.