Prime Minister Shehbaz Sharif met with Zhu Zhaojiang, founder and chairman of the Chinese company Transsion Holdings, in Shenzhen on Wednesday.
During the meeting, interest was expressed in investment opportunities in Transsion Holdings' mobile manufacturing unit in Pakistan and investment in four other sectors in the country: mobile phone production, electric bikes, modern agriculture, and fintech.
On the occasion, Prime Minister Sharif said that the government of Pakistan continues to ensure facilities for foreign investors and business personalities. He invited Transsion Holdings to produce goods locally in Pakistan and export them abroad.
During the meeting, the Transsion Holdings chairman briefed the PM on the company's current operations in Pakistan, its global exports, and further investment projects in Pakistan. He said the company already has a unit established in Pakistan for the production of mobile phones, providing employment to over 5,000 Pakistanis daily.
The company is keen on expanding its investment in mobile phone production in Pakistan, which will increase their exports from Pakistan.
Federal ministers Ishaq Dar, Khawaja Asif, Ahsan Iqbal, Muhammad Aurangzeb, Abdul Aleem Khan, Jam Kamal, Attaullah Tarar, and Minister of State for Information Technology and Telecommunication Shaza Fatima Khawaja also participated in the meeting.
Renowned business figures from the Pakistan mobile phone industry and Transsion Holding partners in Pakistan Inovi Telecom CEO Zeeshan Mianoor, Airlink Communications CEO Muzzaffar Paracha, and Tecno Pak Electronics CEO Amir Allawala were also present in the meeting.
The presence of Pakistani mobile phone industry icons in the meeting underscores the momentum towards fostering the growth of Pakistan's emerging mobile phone industry. It's anticipated that significant initiatives will be discussed to boost local manufacturing and export within the sector with the guardianship of China.
