Sindh Govt In Talks With Chinese Giant to Set Up Bus Assembly Plant in Karachi

The Sindh Government has been in talks with the Chinese giant Yutong to set up an assembly plant on a joint-venture basis in Karachi, this was stated by Sharjeel Inam Memon, Sindh Minister for Information, Transport and Mass Transit. Speaking as a chief guest at the 18th Build Asia International Conferences and Exhibition at the Expo Center on Tuesday, he said the project will generate job opportunities for skilled workers in the province. Besides, there are also options under consideration to introduce EV cab scheme and import of additional 100 buses to meet the urgent requirement of transportation for masses of the province. The government of Sindh is working aggressively to boost economic activities across the province, including a mega construction project in Karachi to attract foreign investors and overseas Pakistanis. Sindh government has met high-level delegations of various Chinese investors and businessmen from different sectors, facilitating them in Dhabajee Special Economy Zone, which is also a part of the China-Pakistan Economic Corridor, to establish various projects in the near future. We are working to attract investment to Karachi across the country and the world in the corporation with the Special Investment Facilitation Council (SFIC). Karachi remains the best destination for doing business in Karachi, he remarked. The provincial government is working in collaboration with the federal government to provide an enabling business environment and foolproof security to foreign investors to restore their confidence in Pakistan, the senior minister said. Sharjeel said the provincial government is working to facilitate foreigners and local businessmen and encourage them to actively initiate economic activities, including trade fairs that attract foreign delegates to the country. The participation of foreign delegates in the exhibition of construction and allied sectors is a very positive sign, which is also aligned with the policy of the provincial government to boost the confidence of foreign investors in Pakistan. Farhan Anis, Vice President Ecommerce Gateway Pakistan said the construction sector is witnessing innovation and upgradation of technology at a faster pace to improve standard of the life and work. Build Asia Exhibition and Conferences is the flagship event for the construction and allied sector in Pakistan which connects stakeholders and introduces various emerging concepts of sustainable and environment-friendly construction. The three-day event showcases the latest trends, technologies, and innovations shaping the construction industry’s future and brings together key stakeholders from across the country. Several exhibitors from 10 different countries are participating in the event, which is expected to attract more than 35,000 visitors from over 42 ancillary sectors, including aluminum, brick, cement, glass, marble, paint, steel, tiles, and transportation. The event also featured seminars on real estate investment and financing trends in Pakistan and Proptech and Smartech’s first regional moot on tourism, hospitality, and real estate.