In a major boost for Punjab’s industrial landscape, a Chinese investor group has signed a landmark agreement with the provincial government to develop a new industrial park spanning 300 acres. The project, led by Sino Pak Tech Industry (Pvt) Ltd, will bring $1.5 billion in foreign direct investment (FDI) to Punjab.
The industrial park is set to host manufacturing units across key sectors, including textiles, automotive, and pharmaceuticals, and is expected to create thousands of jobs as production scales up. This initiative forms part of broader efforts to enhance industrial cooperation between China and Pakistan under frameworks such as the China-Pakistan Economic Corridor (CPEC).
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Government Support and Infrastructure Development
The Punjab Industries, Commerce, Investment & Skills Development Department affirmed the government’s commitment to facilitating foreign investors. Provincial Minister Chaudhry Shafay Hussain stated that the investment marks the beginning of a “fresh era of employment and industrial development” in Punjab.
Infrastructure in Punjab’s Special Economic Zones is being upgraded to international standards. Under the Faisalabad Industrial Estate Development and Management Company (FIEDMC), additional facilities—including community centers and banking services—are being established to support investors.
About Sino Pak Tech Industry
Sino Pak Tech Industry (Pvt) Ltd is part of a network of Sino-Pak industrial cooperation companies that assist Chinese enterprises in Pakistan. These affiliated entities offer end-to-end services such as procurement, logistics, customs clearance, transportation, machinery installation, and after-sales support—streamlining the process for Chinese manufacturers entering the Pakistani market.
Frequently Asked Questions (FAQs)
1. How much is being invested in the Punjab industrial park?
The Chinese firm Sino Pak Tech Industry (Pvt) Ltd will invest $1.5 billion in developing a 300-acre industrial park in Punjab.
2. Which sectors will the industrial park focus on?
The park will host manufacturing units in textiles, automotive, pharmaceuticals, and other key industries.
3. What are the expected benefits for Punjab?
The project is projected to create thousands of jobs, attract further foreign investment, upgrade local infrastructure, and stimulate economic growth in the province.
4. What kind of support is the Punjab government providing?
The government is offering facilitation services to foreign investors, upgrading special economic zones with international-standard infrastructure, and adding facilities such as banking and community centers through FIEDMC.
5. Who is Sino Pak Tech Industry?
It is part of a group of Sino-Pak industrial cooperation companies that provide integrated services—from procurement to after-sales support—to Chinese businesses operating in Pakistan, helping streamline industrial and technological partnerships.
