Lahore: A Chinese investor group has signed a major agreement with the Punjab government to develop a 300-acre industrial park in the province, according to officials from the Punjab Industries, Commerce, Investment and Skills Development (ICISD) Department.
Under the agreement, Sino Pak Tech Industry (Pvt) Ltd will bring in USD 1.5 billion in foreign direct investment to establish the new industrial zone. The planned park will feature manufacturing units in textiles, automotive, pharmaceuticals, and other sectors, creating thousands of jobs as operations expand.
Provincial Minister for Industries and Commerce Chaudhry Shafay Hussain said the government is extending every possible facility to foreign investors, noting that the project will mark a new phase of employment generation and industrial development in Punjab.
He added that the province’s Special Economic Zones are being upgraded with international-standard infrastructure. Under the Faisalabad Industrial Estate Development and Management Company (FIEDMC), additional facilities such as community centers and banking services are also being provided to support incoming investors.
Sino Pak Tech Industry (Pvt) Ltd is part of a broader network of Sino-Pak industrial cooperation companies that aim to strengthen Chinese manufacturing and technology partnerships in Pakistan. These entities, including SINOPAK Electromechanica (Pvt) Limited, offer services ranging from procurement and logistics to customs clearance, inland transportation, installation, and after-sales support for industrial machinery.
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