Pakistan’s economy is slowly moving up in the world as many foreign institutions and investors have started exploring investment opportunities in the country. In this regard, it has been recently reported that a Chinese firm has decided to invest in different sectors of the country and will initiate the process by investing PKR 4 billion to establish a Soda Ash plant near Joharabad, Punjab.
The CEO of Hong Kong Zhong Huan Company, Manli Wang, recently visited Pakistan to explore the investment opportunities and decided to invest. Wang also signed a MoU (Memorandum of Understanding) with the Pakistan Mineral Development Corporation (PMDC). The signing ceremony was attended by the top officials of PMDC whereas Brigadier (retd) Khalid, General Manager of the PMDC signed the MoU on the corporation’s behalf.
Speaking at the occasion, Manli Wang said that Pakistan is one the best nations across the globe for investment as it offers great returns, far better than any other nation. The country is blessed with all the necessary resources that can help it become one the most developed countries in the region, he added.
“Pakistan carries a better image of improved law and order and economic situation while China Pakistan Economic Corridor will usher in a new era of progress with the launch of several projects,” said Wang.
Soda Ash is used for manufacturing detergents, soaps, glass, paper, baking soda and other necessary materials. It is pertinent to note that there are only two plants producing Soda Ash in Pakistan.