Chinese company to invest heavily in Pakistan

News Image

MG News | September 29, 2017 at 05:24 PM GMT+05:00

0:00

Rs. 4 billion would be invested to establish Soda Ash Plant in Punjab; Pakistan one of the best countries in world for investment: Mr: Wang

A Chinese company has decided to invest heavily in different sectors of Pakistan’s economy and it will start its venture by investing Rs4 billion to establish a Soda Ash plant near Joharabad, Punjab.

In this regard the CEO of Hong Kong Zhong Huan Company Mr. Manli Wang visited Pakistan and after looking into the opportunities and business climate in detail, he decided to make investments in Pakistan.

Mr. Wang has also inked an MOU with the Pakistan Mineral Development Corporation (PMDC) which was signed by Brigadier Khalid Mehmmod (Retd), General Manager of the PMDC. Other top officials of the PMDC were also present during the signing ceremony.

Soda Ash is used for manufacturing soaps, detergents, glass, paper, detergents, baking soda and other necessary materials and there are only two plants producing Soda Ash in Pakistan making room for other entrepreneurs. 

Speaking at the occasion, Mr. Manli Wang said that Pakistan is one of the best countries in the world for investment which offers safety of investment and returns that are better than any other country.

Pakistan has all the necessary ingredients to become one of the most developed country in the region and it offers countless opportunities for foreign investors backed with best investment rules and regulations while officials and masses are very friendly and helpful, he said.

He noted that Pakistan is not what is portrayed in the media that scares away investors and that we would be pleased to make heavy investments in this friendly country.

Pakistan carries a better image of improved law and order and economic situation while China Pakistan Economic Corridor will usher in a new era of progress with the launch of several projects, said Wang.

He said the project will not only reduce China’s over ten thousand kilometer trade route to 2,500 kilometers but will also provide Pakistan with the service benefits.

Related News

Name Price/Vol %Chg/NChg
KSE100 134,299.77
290.06M
0.39%
517.42
ALLSHR 84,018.16
764.12M
0.48%
402.35
KSE30 40,814.29
132.59M
0.33%
132.52
KMI30 192,589.16
116.24M
0.49%
948.28
KMIALLSHR 56,072.25
387.69M
0.32%
180.74
BKTi 36,971.75
19.46M
-0.05%
-16.94
OGTi 28,240.28
6.19M
0.21%
58.78
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 118,140.00 119,450.00
115,635.00
4270.00
3.75%
BRENT CRUDE 70.63 70.71
68.55
1.99
2.90%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
1.10
1.14%
ROTTERDAM COAL MONTHLY 108.75 108.75
108.75
0.40
0.37%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 68.75 68.77
66.50
2.18
3.27%
SUGAR #11 WORLD 16.56 16.60
16.20
0.30
1.85%

Chart of the Day


Latest News
July 13, 2025 at 10:26 AM GMT+05:00

K-Electric dispels rumours of peak hour changes


July 11, 2025 at 10:56 PM GMT+05:00

Gold price in Pakistan rises Rs2,300 per tola


July 11, 2025 at 05:49 PM GMT+05:00

PKR gains 10 paisa per USD


July 11, 2025 at 05:41 PM GMT+05:00

PSX Closing Bell: Bulls Serenade The Bourse


July 11, 2025 at 05:06 PM GMT+05:00

UBL doubles profit to Rs65bn in 1HCY25



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg