CM Maryam Nawaz welcomes as Chinese investors agree to invest $700m in Punjab

LAHORE:
A Chinese delegation met Punjab Chief Minister Maryam Nawaz Sharif and expressed its consent to make an investment of $700 million. The chief minister approved in principle the proposal for the investment.

The Chengdu ICT general coordinator and Huawei Deputy Chief Executive Officer Yu Ray called on the chief minister. According to an official statement, an

e-taxi service will be launched soon with the cooperation of Chengdu.

A Chinese company will also establish a Computing Centre in the Lahore Nawaz Sharif IT City.

It was agreed in the meeting that to a Data and Cloud Centre will also be established in the IT City. The Punjab government will provide land and building for establishing the centre.

It was also agreed that an e-commerce platform would be established in Pakistan.

The Chinese company will also train Pakistani youth for online worldwide trading.

A smart control room, traffic control, transport and sanitation centre will be established in Lahore with Chinese cooperation.

The Punjab chief minister, Transport Minister Bilal Akbar and other members of their delegation had been briefed about the latest digital centres during their recent visit to China.

An AI Industry Centre will also be established in Phase Two to introduce the youth with the artificial intelligence technology.

The Chinese government will provide assistance for platform service capacity building in Punjab.

Assistance in local investment for the establishment of industries was also reviewed for the Third Phase.

It was agreed that a collaboration would be made to introduce Pakistani youth with the modern technological requirements.

CM Maryam Nawaz Sharif said on the occasion, “We want to make Punjab the biggest artificial intelligence centre with the cooperation of China. Punjab will soon become an IT hub in the region and we want our youth to excel in the IT sector.”