Prime Minister Muhammad Shehbaz Sharif met with Mr. Zhu Zhaojiang, founder and chairman of the Chinese company Transsion Holdings, in Shenzhen to explore investment opportunities in Pakistan’s burgeoning sectors, including mobile phone production, electric bikes, modern agriculture, and fintech.
During the meeting, Prime Minister Sharif emphasized the Pakistani government’s commitment to facilitating foreign investors and business personalities. He invited Transsion Holdings to consider local production of goods in Pakistan with the prospect of exporting them abroad. This aligns with the government’s objective to boost local manufacturing and increase exports.
Mr. Zhu Zhaojiang briefed the Prime Minister on Transsion Holdings’ current operations in Pakistan, highlighting the company’s established mobile phone production unit that employs over 5,000 Pakistanis daily. He expressed the company’s keen interest in expanding its investment in mobile phone production, which would further enhance their export capabilities from Pakistan.
Federal ministers Ishaq Dar, Khawaja Muhammad Asif, Ahsan Iqbal, Muhammad Orangzeb, Abdul Aleem Khan, Jam Kamal, Attaullah Tarar, and Minister of State for Information Technology and Telecommunication Shazia Fatima Khawaja attended the meeting. Their presence underscores the government’s unified support for fostering growth in these sectors.
Renowned business figures from Pakistan’s mobile phone industry, including Amir Allawala (CEO of Tecno Transsion Electronics), Mr. Muzzafar Paracha (CEO of Airlink Communications), and Mr. Zeeshan Mianoor (CEO of Inovi Telecom), also participated. Their involvement highlights the momentum towards strengthening Pakistan’s emerging mobile phone industry.
The discussions are anticipated to lead to significant initiatives aimed at boosting local manufacturing and exports within the sector, under the strategic partnership with China.
