XCMG group announces to invest $ 2bn in Pakistani housing sector
ISLAMABAD (92 News) – Chinese XCMG group of company on Wednesday announced to invest two billion dollars in Pakistani housing sector.
It is pertinent to mention here that XCMG is Chinese number one leading total solution provider for global construction industry equipment and machinery. It is also intended to set up heavy equipment manufacturing plants in Pakistan.
The meeting was held between Prime Minister Imran Khan with the chief executives of two Chinese companies including President of Global Sales XCMG Dr Hanson Liu and Chairman HSS Group Syed Saman Hashmi in Islamabad today.
During the meeting Prime Minister highlighted the steps taken by the Government to provide maximum facilitation to the investors, reducing cost of doing business and improving ease of doing business.
The prime minister has said that providing conducive and business friendly environment to investors is top priority of the government.
Imran Khan said construction of five million housing is a flagship program of the government which will open up new opportunities for the allied industries and youth of the country.