Body: In a bid to bolster Pakistan’s renewable energy sector, Minister for Industries and Commerce, Chaudhry Shafay Hussain, has unveiled plans to establish a cutting-edge solar panel manufacturing factory in Punjab. This ambitious endeavor was revealed during a pivotal meeting between Minister Shafay and a delegation from the esteemed Chinese solar conglomerate, Zonergy Corporation.
The rendezvous served as a platform to deliberate on investment prospects and incentives aimed at catalyzing foreign interest in Pakistan’s burgeoning industrial landscape. Minister Shafay underscored the array of benefits awaiting foreign investors, including a noteworthy 10-year income tax exemption and facilitation for duty-free machinery imports.
Zonergy Corporation, represented by its General Manager, Shao Wei, expressed unwavering confidence in their solar prowess and articulated intentions to escalate investments within Punjab. Their commitment signals a significant stride towards fortifying Pakistan’s solar energy infrastructure and fostering sustainable development.
Beyond the realm of solar energy, discussions at the meeting extended to the development of Garment City near Lahore, a pivotal project poised to invigorate Pakistan’s textile industry. Additionally, ensuring the safety and security of foreign investors emerged as a paramount agenda item, reflecting the government’s steadfast commitment to providing a conducive environment for business growth and prosperity.
As Pakistan charts a course towards a greener, more industrially robust future, collaborations such as these underscore a shared commitment towards sustainable progress and economic vitality.
