Punjab’s Chief Minister Welcomes Chinese Investment of $700 Million

Sat Jan 04 2025
icon-facebook icon-twitter icon-whatsapp

Islamabad: The Chief Minister of Pakistan’s Punjab province, Maryam Nawaz met a high-level Chinese delegation comprising Chengdu General Coordinator for ICT Hub Scarlett and Deputy CEO Huawei Yu Ray on Friday.

In the meeting, Dawn reported Chengdu expressed its consent to make an investment worth $700 million and she gave its principle approval.

E-taxi service launch

“E-taxi service will be launched soon with the cooperation of Chengdu. A Chinese company will also establish a ‘Computing Centre’ in Lahore Nawaz Sharif IT City,” the meeting was told.

Under the agreement, the Punjab government will provide land and building for the project.

Establishing the first e-commerce platform in Pakistan was also agreed upon in the meeting. The Chinese company will also train the Pakistani youth for online worldwide trading. Smart control room, smart traffic control, smart transport, smart sanitation centre will be established in Lahore with the Chinese cooperation, reports Dawn.

AI Industry Centre

It was also briefed about the latest digital centre during their visit to China.

An AI Industry Centre is also going to be established in phase two. This will introduce the youth with the artificial intelligence technology.

Furthermore, the Chinese government will also provide assistance for platform service capacity-building in Punjab. Providing assistance in local investment for the establishment of industries was also reviewed in phase-III.

“We want to make Punjab the biggest artificial intelligence centre with the cooperation of China. Punjab will soon become an IT hub in the region and we want our youth to excel and surpass in the IT sector,” Maryam said.

 

icon-facebook icon-twitter icon-whatsapp