ISLAMABAD: A Chinese company is exploring the establishment of electric vehicle (EV) assembly operations in Pakistan’s Special Economic Zones under CPEC, as a high-level delegation from Tianjin Chuanhui Group held talks with the Board of Investment (BOI) on Tuesday to advance industrial cooperation between the two countries.
The three-member delegation visited the BOI’s Project Management Unit for CPEC (BOI-PMU) as a follow-up to a memorandum of understanding signed at the Prime Minister-led Pakistan-China B2B Investment Conference in Beijing in September. An orientation meeting was also held with BOI and relevant ministries to initiate codal and regulatory formalities for project implementation.
BOI officials briefed the delegation on investment opportunities in Special Economic Zones, available incentives and facilitation mechanisms and potential areas of collaboration. The Chinese investors showed particular interest in setting up a 2- and 3-wheeler EV assembly line in Pakistan, alongside investments in charging infrastructure, use of electric vehicles in agriculture and promotion of green mobility to help reduce carbon emissions.
