A Chinese company has decided to invest heavily in different sectors of Pakistan’s economy and it will start by investing Rs 4 billion to establish a Soda Ash plant near Joharabad, Punjab.
In this regard the CEO of Hong Kong Zhong Huan Company, Mr. Manli Wang visited Pakistan and after looking into the opportunities and business climate in detail, he decided to make investments in Pakistan.
Mr. Wang has also inked an MOU with the Pakistan Mineral Development Corporation (PMDC) which was signed by Brigadier Khalid Mehmmod (Retd), General Manager of the PMDC. Other top officials of the PMDC were also present during the signing ceremony.
Soda Ash is used for manufacturing soaps, detergents, glass, paper, detergents, baking soda and other necessary materials and there are only two plants producing Soda Ash in Pakistan making room for other entrepreneurs.
Speaking at the occasion, Mr. Manli Wang said that Pakistan is one of the best countries in the world for investment which offers safety of investment and returns that are better than any other country.