Islamabad: China’s Hebei Juhang Energy Technology Group has expressed interest in establishing a large-scale solar panel manufacturing plant in Pakistan to serve both domestic and export markets.
A delegation from the group, led by Chairman Wang Jianbin and accompanied by representatives of the China-Pakistan Business Forum, met Minister for the Board of Investment (BoI) Qaiser Ahmed Sheikh on Tuesday. The delegation conveyed its intention to invest billions of dollars in Pakistan’s solar energy and high-tech sectors.
Minister Sheikh welcomed the proposal, calling it a “great time and a golden opportunity for investment in Pakistan.” He highlighted the government’s efforts to improve the business environment, including reforms under the single-window Business Facilitation Centre (BFC) to streamline investment procedures.
As part of its facilitation package, the government informed the delegation that 6,000 acres of land could be allocated for the project. The minister also briefed the visitors on Special Economic Zones (SEZs), which offer incentives such as zero income tax for the first 10 years.
The meeting reviewed outcomes from the Pakistan-China B2B Investment Conference held in Beijing in September, which resulted in agreements and joint ventures worth USD 8.5 billion across multiple priority sectors.
Minister Sheikh emphasized Pakistan’s commitment to supporting Chinese investors, urging the expediting of feasibility studies and joint-venture agreements. He noted that sectors such as agriculture, solar energy, IT, chemicals, and manufacturing offer significant growth and export potential, while reiterating that Pakistan remains a strategic partner for China.
The proposed solar investment is expected to generate employment, promote sustainable growth, and strengthen Pakistan’s green-energy capacity.
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