Pakistan Agriculture News

Two Chinese groups to invest $2bn in housing sector

ISLAMABAD: Xuzhou Construction Machinery Group (XCMG) and HSS Group of China on Wednesday expressed their commitment to invest $2 billion in Pakistan’s housing and manufacturing sectors.

The announcement was made during a meeting between Prime Minister Imran Khan and General Manager XCMG Dr Hanson Liu and Chairman HSS Group Syed Saman Hashmi, who called on the prime minister here at PM Office.

XCMG is the leading total solution provider for global construction industry equipment and machinery and intends to set up heavy equipment manufacturing assembly line in Pakistan.

The prime minister welcomed the HSS and XCMG’s commitment and interest in Pakistan’s housing and manufacturing sector.

He highlighted the steps taken by the government to provide maximum facilitation to the investors, reducing cost of doing business and improving ease of doing business.

The prime minister said that providing conducive and business friendly environment to investors was top priority of the government. He also informed the meeting of the government’s plan to build five million housing units across the country terming it the flagship program, which he added, would open up new opportunities for the allied industries and the youth of country.

Special Assistant to PM Zulfiqar Bukhari was also present in the meeting.