The China-Pakistan Economic Corridor (CPEC) has undoubtedly created several opportunities for business ventures that were previously unexplored between China and Pakistan. In one such development, a well-known Chinese firm – Yutong Bus – has recently exhibited interest in investing in inter-city and intra-city bus services in Sindh province.
There’s no doubt that people in Pakistan desperately need a proper and efficient way for daily commute. The news has brought smile on many faces, as it seems that the traffic miseries of the people of the province are finally going to end soon.
As per the details, an 11 member Chinese delegation, led by General Manager Shi Cun Tu communicated the interest of the company to Sindh Board of Investment (SBI) Chairperson, Naheed Memon, at SBI office in Karachi. They also discussed more investment opportunities in the relevant sectors.
The delegation informed the SBI’s chairperson that their firm wants to invest into operating buses on various routes in Karachi. The Chinese conglomerate is also interested in setting up a manufacturing plant in the country, solely for this purpose.
The SBI chairperson appreciated the offer and noted that there are countless opportunities of investment in Sindh’s transport sector. Memom also highlighted the fact that the provincial government also encourages public-private partnership projects.
Moreover, Memon asked the delegate to present their suggestions on the basis of their priorities so that the provincial government could chalk out a plan accordingly.
For those who are not familiar, the provincial government is currently working on several transportation projects including: Bus Rapid Transport Service (BRTS) Red Line, BRTS Blue Line and BRTS Yellow Line. All these projects are for Karachi. Other transport schemes include expansion of roads and circular railway network within and among cities including Karachi, Jacobabad and Khairpur.