President of Chinese Company, Wang Tao met Punjab Chief Minister Muhammad Shehbaz Sharif, on Thursday. During the meeting, Chinese company evinced keen interest in investment in auto sector in Punjab.
Talking to the President of Chinese Company, Shehbaz Sharif said that Pak-China relations were strengthening with the passage of time and Pak-China friendship was touching new heights with Chinese investment of billions of dollars.
He welcomed interest in investment by Chinese company and said the Punjab government would provide all out facilities in this regard.
President Chinese Company Wang Tao said that there was very conducive environment for investment in Punjab and his company wanted to invest in auto sector by setting up vehicles manufacturing plant in Punjab.
Although the Associated Press of Pakistan (APP) didn’t mention the name of the said company, according to CarSpiritPK’s sources, Mr. Wang Tao represents Shenyang Automotive, which is a major operating subsidiary of Brilliance China Automotive Holdings Limited.
A delegation from Brilliance had visited Pakistan earlier this year and this recent meeting with CM Punjab Shehbaz Sharif does indicate that the company is serious to invest in the automobile sector of Pakistan.