AIRLINK 69.20 Decreased By ▼ -3.86 (-5.28%)
BOP 4.90 Decreased By ▼ -0.19 (-3.73%)
CNERGY 4.26 Decreased By ▼ -0.11 (-2.52%)
DFML 31.25 Decreased By ▼ -1.20 (-3.7%)
DGKC 77.25 Increased By ▲ 1.76 (2.33%)
FCCL 20.00 Increased By ▲ 0.48 (2.46%)
FFBL 35.00 Decreased By ▼ -1.15 (-3.18%)
FFL 9.12 Decreased By ▼ -0.10 (-1.08%)
GGL 9.80 Decreased By ▼ -0.05 (-0.51%)
HBL 112.76 Decreased By ▼ -3.94 (-3.38%)
HUBC 133.04 Increased By ▲ 0.35 (0.26%)
HUMNL 6.95 Decreased By ▼ -0.15 (-2.11%)
KEL 4.23 Decreased By ▼ -0.18 (-4.08%)
KOSM 4.25 Decreased By ▼ -0.15 (-3.41%)
MLCF 36.60 Increased By ▲ 0.40 (1.1%)
OGDC 132.87 Decreased By ▼ -0.63 (-0.47%)
PAEL 22.64 Increased By ▲ 0.04 (0.18%)
PIAA 24.20 Decreased By ▼ -1.81 (-6.96%)
PIBTL 6.46 Decreased By ▼ -0.09 (-1.37%)
PPL 116.30 Increased By ▲ 0.99 (0.86%)
PRL 25.90 Decreased By ▼ -0.73 (-2.74%)
PTC 13.08 Decreased By ▼ -1.02 (-7.23%)
SEARL 52.00 Decreased By ▼ -1.45 (-2.71%)
SNGP 67.60 Increased By ▲ 0.35 (0.52%)
SSGC 10.54 Decreased By ▼ -0.16 (-1.5%)
TELE 8.28 Decreased By ▼ -0.14 (-1.66%)
TPLP 10.80 Increased By ▲ 0.05 (0.47%)
TRG 59.29 Decreased By ▼ -4.58 (-7.17%)
UNITY 25.13 Increased By ▲ 0.01 (0.04%)
WTL 1.27 No Change ▼ 0.00 (0%)
BR100 7,399 Decreased By -62.3 (-0.83%)
BR30 23,941 Decreased By -230.4 (-0.95%)
KSE100 70,667 Decreased By -435.6 (-0.61%)
KSE30 23,224 Decreased By -170.8 (-0.73%)
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.