Lahore: Minister for Industries and Commerce Chaudhry Shafay Hussain on Wednesday said that world-class industrial infrastructure has been developed in Punjab’s Special Economic Zones (SEZs), making them an increasingly attractive destination for foreign investors, particularly from China.
Speaking during his visit to the Pakistan Navy War College in Lahore, the minister emphasized that the SEZs offer a 10-year income tax exemption and a one-time duty-free import of machinery—benefits that are already drawing attention from international companies.
He shared that several Chinese firms have expressed strong interest in establishing industrial units within these zones. “A Chinese group is set to establish a lithium battery manufacturing plant in Punjab,” he noted, adding that during his recent visit to China, he held positive discussions with several investment groups keen to enter the province’s industrial landscape.
During the visit, the minister met with Commander Central Punjab and Commandant of the Pakistan Navy War College, Rear Admiral Jawad Ahmed. The two officials discussed areas of mutual interest, including education and professional development, as well as potential investment collaborations in Punjab.
The minister also proposed the establishment of a Navy Museum in Lahore and suggested a cooperation agreement between the Pakistan Navy War College and the Punjab Tianjin University of Technology to encourage knowledge exchange. He invited a delegation from the college to visit Punjab’s SEZs to explore investment and collaboration opportunities.
Rear Admiral Jawad Ahmed briefed the minister on academic programs and facilities at the War College, while Chaudhry Shafay reviewed the teaching process and expressed appreciation for the institution’s contributions to leadership training.
Concluding his visit, the minister reiterated that Punjab’s SEZs are rapidly emerging as hubs for global investment due to investor-friendly policies and modern infrastructure. He said the provincial government remains committed to facilitating industrial growth and fostering long-term economic partnerships.
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