Chinese company plans bus manufacturing plant in Pakistan

KARACHI: The China-Pakistan Economic Corridor (CPEC) has indeed opened several avenues for business ventures that were previously unexplored between Pakistan and China.

In one such development, a renowned Chinese company – Yutong Bus – has expressed interest in investing in inter-city and intra-city bus services in Sindh.

An 11-member delegation of Yutong Bus, led by General Manager Shi Cun Tu, expressed the interest while talking to Sindh Board of Investment (SBI) Chairperson Naheed Memon at her office on Tuesday.

They discussed various aspects of investment in plying inter-city and intra-city buses in Sindh, including Karachi.

The delegation told the SBI chairperson that their company was keen to pour money into running buses on different routes in Karachi and is also interested in setting up a manufacturing plant for the purpose.

Memon welcomed their offer and noted that there were many opportunities of investment in the transport sector in Sindh and the provincial government would continue to encourage public-private partnership projects.

The SBI chairperson asked the delegation to come up with suggestions on the basis of their priorities so that the Sindh government could take further steps.

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