AIRLINK 183.77 Increased By ▲ 6.32 (3.56%)
BOP 11.26 Increased By ▲ 0.15 (1.35%)
CNERGY 8.53 Increased By ▲ 0.02 (0.24%)
CPHL 96.44 Increased By ▲ 0.20 (0.21%)
FCCL 46.17 Increased By ▲ 1.19 (2.65%)
FFL 15.75 Decreased By ▼ -0.16 (-1.01%)
FLYNG 28.36 Increased By ▲ 0.45 (1.61%)
HUBC 143.44 Increased By ▲ 1.56 (1.1%)
HUMNL 13.00 Increased By ▲ 0.01 (0.08%)
KEL 4.44 Increased By ▲ 0.01 (0.23%)
KOSM 5.77 Decreased By ▼ -0.10 (-1.7%)
MLCF 64.57 Increased By ▲ 3.81 (6.27%)
OGDC 214.08 Increased By ▲ 2.38 (1.12%)
PACE 5.97 Increased By ▲ 0.21 (3.65%)
PAEL 47.02 Increased By ▲ 0.53 (1.14%)
PIAHCLA 17.09 Decreased By ▼ -0.44 (-2.51%)
PIBTL 10.43 Decreased By ▼ -0.06 (-0.57%)
POWER 12.12 Increased By ▲ 0.28 (2.36%)
PPL 171.74 Increased By ▲ 2.06 (1.21%)
PRL 34.52 Increased By ▲ 0.01 (0.03%)
PTC 22.39 Decreased By ▼ -0.23 (-1.02%)
SEARL 92.91 Decreased By ▼ -1.10 (-1.17%)
SSGC 40.83 Increased By ▲ 1.06 (2.67%)
SYM 14.20 Increased By ▲ 0.02 (0.14%)
TELE 7.28 Decreased By ▼ -0.04 (-0.55%)
TPLP 10.01 Decreased By ▼ -0.01 (-0.1%)
TRG 66.65 Increased By ▲ 0.69 (1.05%)
WAVESAPP 10.13 Decreased By ▼ -0.19 (-1.84%)
WTL 1.32 No Change ▼ 0.00 (0%)
YOUW 3.79 Decreased By ▼ -0.01 (-0.26%)
AIRLINK 183.77 Increased By ▲ 6.32 (3.56%)
BOP 11.26 Increased By ▲ 0.15 (1.35%)
CNERGY 8.53 Increased By ▲ 0.02 (0.24%)
CPHL 96.44 Increased By ▲ 0.20 (0.21%)
FCCL 46.17 Increased By ▲ 1.19 (2.65%)
FFL 15.75 Decreased By ▼ -0.16 (-1.01%)
FLYNG 28.36 Increased By ▲ 0.45 (1.61%)
HUBC 143.44 Increased By ▲ 1.56 (1.1%)
HUMNL 13.00 Increased By ▲ 0.01 (0.08%)
KEL 4.44 Increased By ▲ 0.01 (0.23%)
KOSM 5.77 Decreased By ▼ -0.10 (-1.7%)
MLCF 64.57 Increased By ▲ 3.81 (6.27%)
OGDC 214.08 Increased By ▲ 2.38 (1.12%)
PACE 5.97 Increased By ▲ 0.21 (3.65%)
PAEL 47.02 Increased By ▲ 0.53 (1.14%)
PIAHCLA 17.09 Decreased By ▼ -0.44 (-2.51%)
PIBTL 10.43 Decreased By ▼ -0.06 (-0.57%)
POWER 12.12 Increased By ▲ 0.28 (2.36%)
PPL 171.74 Increased By ▲ 2.06 (1.21%)
PRL 34.52 Increased By ▲ 0.01 (0.03%)
PTC 22.39 Decreased By ▼ -0.23 (-1.02%)
SEARL 92.91 Decreased By ▼ -1.10 (-1.17%)
SSGC 40.83 Increased By ▲ 1.06 (2.67%)
SYM 14.20 Increased By ▲ 0.02 (0.14%)
TELE 7.28 Decreased By ▼ -0.04 (-0.55%)
TPLP 10.01 Decreased By ▼ -0.01 (-0.1%)
TRG 66.65 Increased By ▲ 0.69 (1.05%)
WAVESAPP 10.13 Decreased By ▼ -0.19 (-1.84%)
WTL 1.32 No Change ▼ 0.00 (0%)
YOUW 3.79 Decreased By ▼ -0.01 (-0.26%)
BR100 12,516 Increased By 159.7 (1.29%)
BR30 37,952 Increased By 532.7 (1.42%)
KSE100 116,901 Increased By 881 (0.76%)
KSE30 35,933 Increased By 326.2 (0.92%)

LAHORE: A Chinese lithium battery manufacturing company has announced to set up a plant in Punjab and an agreement was signed between the Punjab Industries and Commerce Department and the Chinese company.

Punjab Industries and Commerce Minister Chaudhry Shafay Hussain signed the agreement with the Chinese company during his visit to the factory in Shenzhen, China, disclosed an official on Friday. The Minister welcomed the agreement with the Chinese company to set up a factory to manufacture lithium batteries in Punjab. “All possible facilities would be provided to the Chinese company to set up a plant in Punjab,” he added.

He averred that a meeting was held with this group in Lahore, which invited them to visit their plant in China. He added that there was a favorable environment for investment in Punjab, and foreign investors were giving preference to investing in Punjab.

On this occasion, Rick Shek, the chairman of the Chinese company, said that their group was manufacturing batteries for industrial, commercial, and domestic use, and these batteries can also store energy. He added that a plant for manufacturing lithium batteries would be set up in Punjab.

During his visit, the Minister was briefed by the company's director, Johan, about the process of manufacturing batteries.

Copyright Business Recorder, 2024

Comments

Comments are closed.