ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, met with George Zhu, founder and Chairman of Transsion Holdings, a multibillion dollar conglomerate in China, along with his delegation, to discuss the company’s ongoing operations in Pakistan, future investment plans and opportunities to strengthen local manufacturing and Pakistan’s export potential.
The Finance Minister welcomed Transsion Holdings’ continued investment and expansion interest in Pakistan and its contribution to the country’s manufacturing sector.
The company shared an overview of its operations in Pakistan, including its presence in the smartphone, electric bike and energy storage segments, and outlined its plans for further investment and business expansion.
The discussions focused on strengthening local manufacturing, promoting deeper localisation and developing a broader industrial ecosystem through the establishment of supporting industries and local supply chains. The company highlighted the potential to expand beyond assembly operations towards greater value addition and component manufacturing, creating opportunities for local businesses and further investment.
The Finance Minister underscored that sustained macroeconomic stability provides a strong foundation for investor confidence and long-term business planning.
He reaffirmed the government’s commitment to maintaining the reform trajectory and highlighted the importance of export-oriented growth, greater value addition and stronger integration into global supply chains for enhancing Pakistan’s competitiveness.
The potential to position Pakistan as a manufacturing and export hub was also discussed. The company described Pakistan as a strategic market, highlighting its sizeable domestic consumer base, geographic location and business environment as important factors supporting its long-term plans.
The discussion also underscored the opportunity to leverage Pakistan’s manufacturing capacity to serve international markets.
The Finance Minister encouraged continued engagement between Transsion Holdings and relevant government institutions to explore opportunities for further investment and business expansion in Pakistan.
Both sides expressed interest in strengthening cooperation and enhancing Pakistan’s potential as an export base.
The Transsion delegation included Joe Hu, Pakistan Head, Transsion; Arif Chowdhry, Board Member, Transsion; Zakkary Zhou, Head of Manufacturing, Transsion; Eason Zhou, General Manager, Manufacturing Center; Aamir Allawala, Chief Executive Officer, Tecno; Asif Allawala, Director, Tecno; and Abdullah Allawala, Director, Tecno.
Copyright Business Recorder, 2026
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