HSS and XCMG assures PM Imran Khan to invest $2 billion in Pakistan
The PM held a meeting with Global Sales XCMG President Dr Hanson Liu and HSS Group in Islamabad.
(Web Desk) - Prime Minister (PM) Imran Khan on Wednesday assured chief executives of two Chinese companies Global Sales XCMG and HSS Group that provision of conducive and business friendly environment for investors is the highest priority of the government.
He held a meeting with Global Sales XCMG President Dr Hanson Liu and HSS Group Chairman Syed Saman Hashmi in Islamabad.
The PM outlined effective measures taken by the government to maximize facilities for the potential investors including reduction in cost of doing businesses in Pakistan.
He said construction of the five million houses project is a flagship program that will unfold new opportunities for industries and youths.
Khan welcomed the HSS and XCMG s commitment and interest in housing and manufacturing sector.
During the meeting, chief executives of both Chinese companies expressed commitment of investing two billion dollars in Pakistan in the housing and manufacturing sectors.
XCMG Group is a Chinese multinational state-owned heavy machinery ‘total solution provider’ manufacturing company with headquarters in Xuzhou. As of 2016, it ranks 5th in the world s construction machinery industry.
The company also intends to set up heavy equipment manufacturing plants in Pakistan and become a partner with PM’s Housing Programme.
