KARACHI: The Chinese and Pakistani diplomats signed memorandums of understanding (MoUs) for five projects in transport, health, energy and agriculture, with support from the Sindh government.

The agreements include local assembly of electric cars, manufacturing of solar panels, production of slow-release fertilisers, algae farming, and the establishment of a medical city in the Dhabeji Special Economic Zone.

Chinese and Pakistani investors will sign an MoU that has been proposed by Pakistan Renewable Energy Resources.

Sindh Energy Minister Syed Nasir Hussain Shah hosted this signing ceremony in the office at which this was held, and were Sindh Senior Minister Sharjeel Inam Memon and Sindh Special Assistant to Chief Minister Syed Qasim Naveed Qamar who attended.

Special Assistant to the Chief Minister, Syed Qasim Naveed Qamar, accompanied the delegation on a visit to the Dhabeji Special Economic Zone, where the investors expressed interest and desire to establish industries. He noted that the Dhabeji Economic Zone is the only zone connected to the China-Pakistan Economic Corridor (CPEC).

Sharjeel vows to provide all-out help to Chinese investors

Sindh Senior Minister and Provincial Minister for Information, Transport, and Mass Transit, Sharjeel Inam Memon said that the Sindh government would provide all possible help to Chinese investors in any field they would like to invest.

He said the investors had shown interest in setting up a state-of-the-art medical city in Pakistan, and the Sindh government had assured them of all possible support. He also mentioned the government’s initiative to launch EV (electric vehicle) taxis to create employment opportunities for youth.

He mentioned that the MoU was signed for the project and said that products made in Pakistan would also be exported to other countries, which will benefit the country. He also highlighted that there was a ten-year tax exemption for industries established in the Dhabeji Economic Zone, which provides significant relief to businessmen. This initiative was intended to support all investors who chose to do business in the Dhabeji Special Economic Zone.

Published in Dawn, December 14th, 2024