Two major Chinese companies, Shenzhen Sea Energy Power Holding Company and Zhihyuzun Group, advanced large-scale investment plans in Punjab after meeting Provincial Minister for Industries, Commerce, Investment and Skill Development (ICI&SD) Punjab Chaudhry Shafay Hussain, unlocking new opportunities in textile manufacturing, auto-parts production and intercity transport.

Gwadar Pro quoting ICI&SD’ Punjab’s statement issued late Friday, the executives from Shenzhen Sea Energy Power Holding Company formally requested approval to establish industrial units on “250 acres of land in Quaid-e-Azam Business Park, Sheikhupura,” marking one of the most ambitious industrial proposals submitted to the park this year.

Meanwhile, Zhihyuzun Group announced the launch of a two-phase intercity bus initiative. 

The company plans to operate “120 new buses in the first phase and 300 in the second phase,” with officials adding that “on success, the group will also shift its bus manufacturing plant to Punjab.” 

The move would position Punjab as a future hub for large-scale bus assembly and transport solutions.

Government estimates suggest the two companies’ combined investments will create more than 21,000 jobs, spanning manufacturing, services and logistics.

Shafay Hussain said the developments reflect rising confidence from global investors and said that Punjab’s “Special Economic Zones (SEZs) offer special incentives for foreign investors,” emphasizing that the province’s “investment-friendly environment has made Punjab the first priority” for companies looking to expand industrial operations in Pakistan.

Punjab has intensified efforts to attract foreign direct investment by expanding SEZs with streamlined approvals, infrastructure-ready plots and fiscal incentives. 

The Quaid-e-Azam Business Park, located along the M-2 Lahore-Islamabad Motorway, is emerging as a major industrial cluster, particularly for textiles, engineering goods and export-oriented manufacturing

Credit: Independent News Pakistan (INP) — Pak-China