ISLAMABAD: China’s Shengtang Group expressed keen interest in investment in Pakistan, saying that the group plans to invest USD 10 million, with potential projects in electric vehicles (EVs) manufacturing, industrial development, energy, infrastructure, railways, tourism and urban development.
The proposed investment was discussed during a meeting between a delegation of the Chinese group and Prime Minister’s Adviser on Industries and Production Haroon Akhtar Khan held here on Monday. Both sides explored avenues for economic cooperation, including a proposed memorandum of understanding (MoU) worth USD 10 million.
Haroon Akhtar said the government was working to facilitate the investors to invest in industrial, tourism, power, social and other sectors of the country, adding that Pakistan’s stronger ties with China into tangible economic outcomes by facilitating Chinese investors and improving the business environment.
Inviting Chinese businesses to explore Pakistan’s investment potential, the adviser said the country had demonstrated reliability and resilience internationally, adding that the current environment presented opportunities for investors.
To accommodate the Shengtang Group’s entry into the local market, the Ministry of Industries and Production highlighted several newly structured regulatory reforms, improved ease-of-doing-business initiatives, and favourable land-lease arrangements specifically engineered to facilitate foreign industrial investment.
Emphasizing the longstanding relationship between the two countries, Haroon said Pakistan and China shared ties that were “thicker than blood.” He noted that around 40 percent of the numerous joint ventures and MoUs signed between the two countries had moved into the implementation phase.
He added that additional Chinese investment could accelerate industrial expansion, encourage technology transfer, stimulate economic activity and generate employment opportunities.
The adviser also identified electric vehicles as a promising area for future investment, noting that cooperation with Chinese companies could help Pakistan advance EV technology and strengthen its industrial capabilities.
Haroon assured the visiting delegation of the government’s full support in facilitating investment and presented a commemorative souvenir to the Chinese representatives.
Additional Secretary Humaira Zia Mufti, Joint Secretary Freedoon Akram Sheikh and Joint Secretary Amir Aqiq were also present at the meeting.
Copyright Business Recorder, 2026
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