BR100 Decreased By (-0.25%)
BR30 Decreased By (-0.64%)
KSE100 Decreased By (-0.41%)
KSE30 Decreased By (-0.67%)
BECO 5.83 Decreased By ▼ -0.20 (-3.32%)
BML 57.90 Increased By ▲ 5.15 (9.76%)
BOP 33.79 Decreased By ▼ -0.46 (-1.34%)
CNERGY 8.15 Decreased By ▼ -0.01 (-0.12%)
DCL 11.79 Decreased By ▼ -0.55 (-4.46%)
FCCL 53.49 Decreased By ▼ -0.40 (-0.74%)
FCSC 5.40 Increased By ▲ 0.18 (3.45%)
FFL 17.84 Decreased By ▼ -0.19 (-1.05%)
FNEL 1.30 No Change ▼ 0.00 (0%)
HUMNL 11.11 Increased By ▲ 0.11 (1%)
KEL 8.02 Decreased By ▼ -0.09 (-1.11%)
KOSM 5.45 Increased By ▲ 0.07 (1.3%)
MLCF 87.40 Decreased By ▼ -0.65 (-0.74%)
NBP 184.24 Decreased By ▼ -2.24 (-1.2%)
PACE 11.62 Increased By ▲ 0.90 (8.4%)
PAEL 40.25 Increased By ▲ 0.31 (0.78%)
PIAHCLA 26.12 Decreased By ▼ -0.05 (-0.19%)
PIBTL 17.14 Decreased By ▼ -0.18 (-1.04%)
PPL 228.73 Decreased By ▼ -4.05 (-1.74%)
PRL 34.49 Decreased By ▼ -0.46 (-1.32%)
PTC 67.54 Decreased By ▼ -0.02 (-0.03%)
SEARL 90.93 No Change ▼ 0.00 (0%)
SSGC 26.83 Decreased By ▼ -0.34 (-1.25%)
TELE 8.53 Decreased By ▼ -0.04 (-0.47%)
THCCL 66.14 Increased By ▲ 6.01 (10%)
TPLP 9.33 Increased By ▲ 0.57 (6.51%)
TREET 24.51 Decreased By ▼ -0.03 (-0.12%)
TRG 71.61 Decreased By ▼ -0.14 (-0.2%)
WAVES 10.98 Increased By ▲ 1.00 (10.02%)
WTL 1.28 Increased By ▲ 0.02 (1.59%)
Pakistan

Fawad Chaudhry invites Elon Musk to build next Gigafactory in Pakistan

The minister invited the tech mogul to setup a factory in Pakistan, highlighting several incentives the country has
Published January 6, 2020 Updated January 6, 2020 05:46am
  • The minister invited the tech mogul to setup a factory in Pakistan, highlighting several incentives the country has to offer.
  • He said in his tweet that Pakistan offers 10 years zero tax facility and custom free import for factory setup, while it also boosts world's third biggest freelance software exporters.

Federal Minister for Science and Technology Fawad Chaudhry has invited South African entrepreneur and Tesla CEO Elon Musk to build his next Gigafactory in Pakistan.

In a tweet, the federal minister invited the tech mogul to setup a factory in Pakistan, highlighting several incentives the country has to offer.

“Dear Elon Musk, your next destination may be Pakistan, 68 percent of the world's population lives within 3.5 hours flight radius from Islamabad, we offer 10 years zero tax facility and custom free import for factory setup, no other country may offer, plus we are world's third biggest freelance software exporters,” said Chaudhry.

The federal minister also shared a news about Tesla's plans to build half a million electric vehicles a year at its future factory outside Berlin. The electric vehicles manufacturer wants to construct Model 3 and Model Y vehicles at the site in Gruenheide, situated south-east of Berlin, the factory will also build “future models.”

The so-called Gigafactory - Tesla’s fourth - will include facilities to assemble entire electric vehicles, including the production of batteries.

Comments

Comments are closed for this article.