Chinese automobile urged to invest in Pakistan

Islamabad: Engineering Development Board (EDB) has urged Chinese automobile manufacturers to avail investment opportunities in Pakistan.

This was stressed in a meeting held here Tuesday between Aitizaz A. Niazi, CEO, EDB and two-member Chinese diplomatic team led by Zhou Zhencheng, Economic and Commercial Counsellor.

Elaborating these opportunities. It was highlighted that opportunities exist in setting up a low price small car unit, manufacturing car sub-assemblies components presently imported and setting up of tractor assembly plant.

CEO EDB offered to assist Chinese manufacturers in finding local partners for them, as the government was interested to promote competition in Auto Sector.

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