China has decided to invest in Pakistan in the Electric vehicles (EVs) manufacturing and agriculture sector to enhance the economic activities in the local market
. The Investment in both sectors will create growth and new employment opportunities in these sectors, the senior official of Board of Investment told APP here on Thursday.
He said that Optima Integration Group of China has joined hands with Asia Pak Investments of Pakistan to invest $50 million in the first phase to develop agriculture power and logistics sectors in Gwadar and Karachi.
He said that in a recent agreement, the Board of Investment (BoI) has facilitated the signing of a memorandum of understanding (MoU) between the two companies in this regard, which would create more than 100 jobs in Gwadar and Karachi, besides establishment of a high-tech processing facility along with technology transfer. —APP
