AIRLINK 67.51 Increased By ▲ 2.31 (3.54%)
BOP 5.65 Increased By ▲ 0.08 (1.44%)
CNERGY 4.52 Decreased By ▼ -0.04 (-0.88%)
DFML 25.71 Increased By ▲ 1.19 (4.85%)
DGKC 69.10 Decreased By ▼ -0.86 (-1.23%)
FCCL 20.10 Decreased By ▼ -0.20 (-0.99%)
FFBL 29.15 Increased By ▲ 0.04 (0.14%)
FFL 9.82 Decreased By ▼ -0.01 (-0.1%)
GGL 9.99 Decreased By ▼ -0.02 (-0.2%)
HBL 113.73 Decreased By ▼ -0.52 (-0.46%)
HUBC 128.25 Decreased By ▼ -0.85 (-0.66%)
HUMNL 6.72 Increased By ▲ 0.01 (0.15%)
KEL 4.45 Increased By ▲ 0.01 (0.23%)
KOSM 4.85 Decreased By ▼ -0.04 (-0.82%)
MLCF 36.69 Decreased By ▼ -0.31 (-0.84%)
OGDC 131.90 Decreased By ▼ -0.40 (-0.3%)
PAEL 22.50 Decreased By ▼ -0.04 (-0.18%)
PIAA 25.69 Decreased By ▼ -0.20 (-0.77%)
PIBTL 6.66 Increased By ▲ 0.06 (0.91%)
PPL 112.80 Decreased By ▼ -0.05 (-0.04%)
PRL 29.29 Decreased By ▼ -0.12 (-0.41%)
PTC 14.88 Decreased By ▼ -0.36 (-2.36%)
SEARL 56.31 Decreased By ▼ -0.72 (-1.26%)
SNGP 66.25 Decreased By ▼ -0.20 (-0.3%)
SSGC 10.93 Decreased By ▼ -0.05 (-0.46%)
TELE 8.66 Decreased By ▼ -0.14 (-1.59%)
TPLP 11.60 Decreased By ▼ -0.10 (-0.85%)
TRG 68.49 Decreased By ▼ -0.13 (-0.19%)
UNITY 23.70 Increased By ▲ 0.30 (1.28%)
WTL 1.34 Decreased By ▼ -0.04 (-2.9%)
BR100 7,296 Increased By 0.8 (0.01%)
BR30 23,819 Decreased By -35.1 (-0.15%)
KSE100 70,258 Decreased By -32 (-0.05%)
KSE30 23,091 Decreased By -79.9 (-0.34%)
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
  • 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.